Fence-sitters in no hurry to sell

Hopes for additional price gains creating inventory shortages in many markets

Home prices are seeing some strength nationwide, but further price increases will be necessary to spur some homeowners to sell, according to real estate professionals contacted by Inman News.

As would-be sellers sit on the sidelines hoping for prices to go up, many markets are facing inventory shortages. Nearly every major U.S. metro saw the inventory of for-sale listings drop by double digits in August compared to last year, according to data from Realtor.com.