If you’re in the market for a new home, you may be pleased to know that there are more homes for sale this year than last. However, the number of homes for sale is still below pre-pandemic levels. In this blog post, we’ll take a closer look at the latest data on home sales and inventory levels to help you better understand the current market conditions.
The number of homes for sale is up from last year, but still below pre-pandemic years
If you’re thinking of selling your home, this may be the year to do it. The number of homes on the market is up from last year, but still below pre-pandemic levels. This means there are buyers out there looking for a home like yours. With interest rates near historic lows, now is a great time to put your home on the market and take advantage of the current market conditions.
The increase in inventory is good news for buyers, but there are still more buyers than sellers
The increased inventory of housing is certainly great news for buyers who are looking to purchase a home. There seems to always be a marginal advantage enjoyed by sellers in almost any real estate market, however with the increase in inventory buyers may find themselves in the more advantageous position of being able to choose and pick from multiple listings. Unfortunately, this buying power isn’t widespread as there are still far more buyers than sellers, making it difficult for some buyers to gain a foothold in real estate markets that seem increasingly out of reach. But, with perseverance and determination anyone can find their perfect house.