So many homes for sale!
So I've been researching Texas, Florida, Virginia and some other states through Zillow to get an idea of the current market conditions. Is it just me or are there a ton of homes for sale?!?
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Here in Eugene inventory was very low before Covid, and grown even tighter since. In July we had less than 1 month (.9) months of inventory in Lane County, which I believe is an historic low. Lane County is very large geographically and includes many small town and vast rural areas, as well as Eugene/Springfield metro area. In the metro area, the inventory is much lower than the country as a whole. We are seeing very short times on market, and multiple offers, sometimes driving prices 10s of thousands over asking, is becoming very much the norm. This is a most challenging market for buyers.