Tapping into The hidden inventory

It is getting harder and harder to find homes for my buyers as the inventory of homes on the market continues to shrink.  I just found a solution to the problem and now have almost twice as many homes to show each of my buyers.

We used to talk about the shadow inventory.  Most of that has been sold but now there is a large hidden inventory of homes for sale that can not be found in our MLS.

I checked our MLS and compared it to Zillow in some of the zip codes where I am having the greatest challenge finding homes.  I discovered that there are about 500 more homes listed on Zillow than in our MLS in the city.   I also found that there is a different group of homes for sale on Zillow as compared to our MLS.

If you are an agent and would like to tap into the hidden inventory check out Zillow and don’t forget about Trulia as yet another source of the hidden inventory.  Trulia has expanded the city so that it includes a larger area which also means more homes for sale.

 

 

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