What Can Sellers Do About Cartersville’s Inventory Crunch?
Our market’s in an inventory crunch, but I have a solution for buyers.
I wouldn’t say the latest stats from our Cartersville real estate market should come as a surprise to you since the market has been hot for some time now, but every time they come in, I can't help but be impressed.
In Bartow County, across all price points (e.g., $75,000 and up), there were 360 homes available for sale during January 2020. This past January, there were just 150 available. We have about half as many homes available, but not half the buyers (thank goodness!). People are ready to buy homes, they just can’t find one. In Gordon County, the story is very much the same. There were 162 homes available for sale during January 2020. This past January, that number dropped all the way down to 69.
There just aren’t enough houses for sale. Why the crunch in inventory? Many people are facing the same predicament: If they could find the right house to buy, they’d put their current home up for sale. Once they do find the right house, though, their current home likely hasn’t sold yet, meaning they have to make a contingent offer saying that they can’t buy their new home until their current one sells. Thus, sellers won’t choose their offer because they have so many others to choose from.
The good news is, my team and I have been working on a solution. You’ll be hearing more about this solution soon, but if you want to be the first to receive the good news, respond to this email and I’ll be sure to make that happen. Suffice to say, this solution allows you to buy your new house before putting your current house up for sale, thereby alleviating the stress of finding the right home. We think this will be a game changer for buyers who are ready to move but are afraid of having to temporarily live with their in-laws.
If you’d like more real estate tips or the names of some great vendors in our area, feel free to download our Winter Guide. As always, if you have questions about this or any real estate topic, don’t hesitate to reach out to me. I’m happy to help.