We’re facing a perfect storm in real estate.
While demand is on the rise, inventory certainly isn't. According to the National Association of REALTORS, the housing inventory dropped 3.2 percent in October 2017. That's 10.4 percent below the number of homes available for sale the year prior. During this time, homes stayed on the market an average of 34 days, seven fewer days than in 2016. And of these homes, 47 percent were on the market less than a month.
So what gives? How can real estate agents ride out the storm while still delivering value for their clients?
Connecting the Dots
A number of factors are at play here. For one thing, as Baby Boomers move into retirement, they're planting their roots. In fact, 72 percent of homeowners…