The Latest Inventory Isn't Just About Florida Anymore
The Latest Inventory Data:
Washington: +66% . . . Tennessee: +61% . . . Colorado: +54%
Utah, North Carolina, South Carolina, and Georgia, aren't far behind.
Housing inventory isn't just a Florida story anymore. It's becoming a national story.
Inventory up, sales down, and the 𝐀𝐜𝐜𝐢𝐝𝐞𝐧𝐭𝐚𝐥 𝐋𝐚𝐧𝐝𝐥𝐨𝐫𝐝 membership continues to rise.
These are homeowners who listed their house expecting to sell.
Months later the house remains unloved and unsold.
FSBO. . .MLS. . .price reductions. . .crickets. . .the house remains and so does the payment the homeowners need to get off their backs.
They're carrying two payments, relocating for work, or simply can't wait any longer.
So now they're facing the prospect of becoming landlords. That was never the plan, never the goal, never a consideration. It was Plan B, maybe even Plan C, as their heads are filled with 𝑇𝑒𝑛𝑎𝑛𝑡𝑠 𝐹𝑟𝑜𝑚 𝐻𝑒𝑙𝑙 stories.
This group is where some of the best creative real estate opportunities are currently being found.
Lease purchases
Cooperative assignments
Seller financing
Solutions that weren't even a possibility six months ago.
Markets with rising inventory and declining sales create motivated sellers looking for alternatives.
If you're an investor waiting for "the right time" the future is now.
When inventory rises, price isn't the only thing that becomes negotiable. Terms do, also.
Is your local market producing more Accidental Landlords? Drop your city below and I'll tell you what the inventory trends are showing.