The real estate market is currently experiencing a classic seller’s market, meaning there is more demand than inventory. According to Trendgraphix, there is only 1.8 months of inventory across Southern California (LA, Orange, Riverside, and San Bernardino Counties). With little inventory and mortgage rates at historic lows, sellers are sitting pretty, right? Well that’s half of the story.
According to a survey from Redfin, it might be a seller’s market, but selling is hardly the finish line for these folks. Most home sellers still need to purchase another home after the sale of their current residence. This infographic from the California Association of REALTORS® breaks down the top three challenges for seller’s in today’s market.