Real Estate Report: September 30, 2020

Richard Adiansingh

For-sale inventory is declining quickly. Property values continue to rise new listings decrease across the nation. We witnessed a 3.5% change this week in the amount of new Inventory on the market while the total for-sale inventory is down 29.1% since this time in 2019.

This obviously puts power in the hands of sellers, so those who own property could potentially gain more from a sale now than in the past. But this situation is a double-edge sword. Buying a property under the current conditions to rehab may come at cost some extra cash due to the lack of competition on the seller-side of the market. If you just fixed-up a house and are ready to flip, now is your time to make some moves.

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