There are many articles out there right now that point toward Inventory Levels as being a key factor in the 2020 real estate market, here in the Philadelphia region.
This chart is a quick look back at inventory levels throughout 2019. As you can see, there’s pretty steep drop off between January and December. The 4th quarter drop-off is likely a result of seasonality and the Holidays when everything real estate tends to slow down.
The Spring Market may come early this year as sellers try to take advantage of strong prices despite signs of market stabilization and decline in some areas. Buyers still have record low interest rates on their side, that is if they can find a house to buy.
Latest Comments