The housing inventory in Winchester, VA has fallen for the second Astraight month. One month ago, active listings were at 571, but today, May 13th, active listings stand at 486. That's good and bad for the local market.
The lower number of available properties make the existing properties more valuable,but the limited number of properties available also frustrate and disappoint potential home buyers. Granted, 486 properties is nothing to sneeze at, but not every buyer will want what's available in their price range.
Location may play a factor in that frustration as well. A beautiful house in Stephens City, Virginia may not meet a buyer's needs who needs to live on the north side of Winchester. So, low inventory can be good or bad depending if you're the buyer or the seller.
For sellers, you may get a better price than you would have when there's a surplus inventory. In order to make sure your property is "that one property" that gets all the attention is easy:
When inventory is low, it's important that sellers go the extra mile to make sure would-be buyers are encouraged to take a second and third look at their property, and with a little effort, your house will sell quickly. The housing inventory in Winchester, VA has fallen. It's time to get in the game for both buyers and sellers.