Seems as though housing has gone the way of toilet paper, hand sanitizer and canned goods at the tail end of 2020 and early into 2021. The cupboards are bare.
Inventory was tight all year and wise sellers were poised to take advantage of the best prices and terms that they have seen in a decade in some cases.
How many single family residential homes are on the market right now and under active status, meaning there are not offers currently being considered or are already under deposit?
Andover 6
Ashford 4
Bolton 5
Brooklyn 10
Canterbury 4
Chaplin 0
Colchester 14
Columbia 5
Coventry 7
Eastford 0
Franklin 3
Hampton 4
Hebron 14
Lebanon 5
Mansfield 6
Scotland 3
Tolland 12
Willington 0
Windham 9
What does this mean for a seller with options? If you have a place to go or have been pondering a move but want to maximize your profit and negotiate favorable terms, the time is now!
Contact us. If you have a home with some challenges, such as a shared driveway, deferred maintenance, lack of a basement or garage, you should contact us right now. Buyers are more likely to overlook or hold their nose about issues that typically would be deal breakers when there is simply nothing else to buy.
Buyers, if they don’t get some shelter may have to fade away or may have to consider expanding their horizons and consider other towns where inventory is more plentiful, purchasing land and building, sitting it out for a year in a rental or purchasing a multifamily; the rental income could go toward the mortgage and the property could be maintained as an investment when the home you’ve been waiting for is just a kiss or contract away.
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