Number of homes for sale dropping

Supply and demand in the region it is making it hard for home buyers to find what they're looking for.

WEST SPRINGFIELD, Mass. (WWLP) – The national number of homes available to buy dropped more than 3% in the last month, which is a similar to what’s happening at the local level throughout Western Massachusetts.

Real estate experts told 22News there was already an issue of supply and demand in the region so if there are any fewer sellers it is making it that much harder for home buyers to find what they are looking for.

Lesley Lambert of Park Square Realty told 22News right now, there are more buyers than sellers.

“We’re seeing open houses where there’s 30-40 people through multiple offers, bidding wars are back, for properties with sellers that have been reasonable with their asking price,” said Lambert.

She also said open houses are getting big turnouts and that buyers are often getting into bidding wars when the home is turn-key ready and priced right.

“Buyers, you want to make sure that you hit the ground running. You need to be pre-approved you need to have your expectations set accordingly. You need to know that if you find the house that you love you probably shouldn’t wait because somebody else is going to jump on it if you don’t,” said Lambert.

She also said if you were thinking about selling now is the time.  Her advice is to be sure your home is staged well and that the yard and shrubs are kept cleaned up so it has a good amount of curb appeal.

 

 

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