This is a follow up to our Inventory Insights and Flash Inventory blog posts. Here, to wrap up our inventory series, we are going to look at another type of specific inventory that we are seeing more of in this fast-paced market: shadow inventory.
While flash inventory does technically make it to market, shadow inventory trades completely off-market. Shadow inventory includes new developments that developers can sell and are for sale but are not officially listed anywhere.
Compass Private Exclusives also make up a big part of shadow inventory. A private exclusive listing is an off-market home that can be shared by a Compass agent directly with their colleagues and their buyers. These listings are exclusive to Compass agents.
Working with a professional who truly knows the local market is more beneficial than ever as off-market deals often present the best opportunities. Whether you are interested in selling your home privately or looking for an opportunity to buy in this market, we would love to chat with you. Contact us today!