One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.
Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of negotiation power. So, if you’re someone who thought about buying a home over the last few years but were discouraged by how limited inventory was, this should be welcome news.
As Lawrence Yun, Chief Economist at NAR, says, “Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.”
While we’re up by almost 37% year-over-year, we’re still not back to how much inventory there’d be in a normal market.
The supply of homes across the country is improving in a big way. As a buyer, that gives you more options for your home search, and ultimately, a better chance of finding what you like. But real estate will always be hyper-local. If you want to find out what inventory numbers look like where you live, let’s chat. What are you looking for in a home? And what’s your budget? Let’s go over that together to find the options that may be right for you.
#housingmarket #homeinventory #keepingcurrentmatters
