October 19, 2021
Real Estate

Real estate inventory levels affecting sales and pricing | News

HIGH COUNTRY – Low real estate inventory is directly affecting the high sale prices and low total sales we are currently experiencing locally, as well as nationally. Residential and land inventory in the High Country continues its slow climb after hitting record lows in April. However, when compared to inventory levels and recorded sales this time last year, we see a stark comparison, with the total number of homes sold down by 33 percent.

July 2020 began the Real Estate surge for the High Country. Inventory was good, sales were growing at a steep pace, and prices were beginning to rise. Flash forward to our current real estate market. The real estate boom has left us, along with the rest of the nation, seeing low inventory levels. With a 1% increase in…

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