Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years
âThe most significant obstacle in the real estate market today, and most likely for several years to come, is how few homes there are for sale compared to the variety of people who desire to purchase. That & rsquo; s why, if you & rsquo; re thinking of offering your home, this is
âapproximately the pandemic. According to the most recent Monthly Housing Market Trends Report from realtor.com: & ldquo; There were 65.5%more homes for sale in January compared to the same time in 2022. This suggests that there were 248,000 more houses readily available to purchase this past month compared to one year earlier. While the variety of houses for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer houses readily available to purchase on a normal day than there were a couple of years ago.â& rdquo; The chart listed below demonstrate how todayâ& rsquo; s stock of houses for sale compares to current years:
What Does This Mean for You? Fewer houses for sale implies purchasers have fewer choices than they did prior to the pandemicâ-- which disappointment is leading some to quit on the homebuying process entirely. But with mortgage rates sitting lower than they were at the peak last fall, more purchasers want to come back into the procedureâ-- they simply require to discover homes to purchase. This is welcome activity for the spring market, especially if youâ& rsquo; re thinking about offering your house.
With a renewed interest in purchasing a home for many, the New York Times (NYT) reports:
â& ldquo; Home purchasers are edging back into the market after being sidelined in 2015 ...â& rdquo; So, if you desire to benefit from a sweet spot in the market, this spring might be your shot.
Bottom Line
The real estate market requires more homes for sale to meet the demand of todayâ& rsquo; s buyers. If you & rsquo; ve thought of selling, nowâ& rsquo; s the time for us to link and prepare for you to make a relocation this spring.
: & ldquo; There were 65.5%more homes for sale in January compared to the same time in 2022. & rdquo; The graph listed below programs how todayâ& rsquo; s inventory of houses for sale compares to current years:
What Does This Mean for You?
https://telegra.ph/Variety-of-Homes-for-Sale-Up-from-Last-Year-but-Below-Pre-Pandemic-Years-02-09