Lack of Housing Inventory “A Game Changer” For Home Buyers
Posted by Cary W Porter on
KIRKLAND, Washington (February 4, 2016) – Depleted inventory is contributing to "overwhelming" traffic at open houses, shifts in strategies for both buyers and sellers, and escalating prices, according to officials with the Northwest Multiple Listing Service.
Dick Beeson, a former chairman of the MLS board, said the lack of inventory in almost every county is, "without question, a 2016 game changer." He described traffic at open houses as sometimes simply overwhelming. "There haven’t been any battle royals on the premises, but it could happen any day now," quipped Beeson, the principal managing broker at RE/MAX Professionals in Tacoma.
The latest figures show a drop of nearly 28 percent in the number of active listings in the MLS database…
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