Are There Actually More Homes for Sale Right Now?

Whether you're considering buying or selling a home, staying informed about the latest trends in the housing market is crucial. Here's an update on the current supply of homes for sale to help you make informed decisions.

What’s the Truth About Today’s Housing Inventory?

In recent years, the narrative has consistently emphasized the scarcity of homes on the market. However, national data from Realtor.com may introduce an element of confusion. The data reveals a modest month-over-month growth in housing supply across various parts of the country, as depicted in the map.

While the national increase in housing supply is just over 5%, it doesn't signal the end of limited inventory. Context is key. Comparing the latest active listing counts with the housing market in the years 2017-2019 illustrates that there are still significantly fewer homes for sale than usual in a more normal market.

As Lance Lambert, Founder of ResiClub Analytics, clarifies:

“Housing market inventory is so far below pre-pandemic levels that October's big jump is still just a drop in the bucket.”

What Does This Mean for You?

Real estate dynamics are hyper-local. Partnering with a trusted real estate agent becomes pivotal in gaining a nuanced understanding of the inventory situation in your specific market.

For prospective buyers, there might be slightly more options than in recent months, but preparing for low inventory remains essential. A skilled agent can offer expertise and share key strategies to navigate the challenges posed by today’s ongoing low housing supply.

If you're a seller, rest assured that the window of opportunity for potential multiple offers or a quick sale is still open. While there's been a national uptick in inventory, it remains low overall and could be even scarcer in your area.

Whether you're in the market to buy or sell, it's crucial to stay connected and informed about the latest trends, especially concerning housing supply. Let's connect so you can ensure you're up to date on all the factors that could impact your move in today's dynamic real estate landscape.