Are There Actually More Homes for Sale Right Now?

Are There Actually More Homes for Sale Right Now?

At Ficzner Group, we want to be prepared to ensure that you are given the best buying experience with knowledge and expertise to guide you along the way. We are here to guide you on purchasing a brand new home in Ohio.

Today I would like to talk to you about Are There Actually More Homes for Sale Right Now?

If you’re looking to make a move, you want to be sure you have the latest information on the housing market. To help make that possible, here’s an update on the supply of homes for sale today. Whether you’re looking to buy or sell, the number of homes available in your local market matters to you. Take a look below.

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

While the story for the past few years has been how few homes are on the market, recent national data may leave you feeling a bit confused. That’s because Realtor.com shows inventory is actually growing a bit month-over-month in many parts of the country (see the blue states in the map below):

As the map shows, nationally, housing supply increased just over 5% last month.

Does That Mean the Days of Limited Inventory Are Over?

That might make you wonder: are the days of tight housing supply behind us? The short answer is no. Context is important. While you may see headlines saying inventory is up, data also shows there are still significantly fewer homes for sale than there would usually be in a more normal market.

The graph below compares the latest active listing counts (homes currently available for sale) with the most recent normal years in the housing market (2017-2019):

As Lance Lambert, Founder, ResiClub Analytics, explains:

“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 that mean for you? Remember, real estate is hyper-local. Partnering with a trusted real estate agent will help you gain a better understanding of the inventory situation in your specific market.

If you’re looking to buy, you may have slightly more options than you did in recent months, but you still need to brace for low inventory. A great agent will be able to share their expertise and key strategies that have helped other buyers navigate today’s ongoing low housing supply.
And, if you’re trying to sell, rest assured you haven’t missed your window of opportunity to potentially get multiple offers or see your house sell quickly. While inventory has ticked up some nationally, overall, it’s still low and may be down even more in your area.

Bottom Line

If you’re looking to buy or sell a home, let’s connect so you can make sure you’re up to date on all the latest trends that could impact your move, including today’s housing supply.

 

Source.. KCM Mike Ficzner Blog
The Ficzner Group is a technology-driven local real estate company that serves the Lake, Geauga & Cuyahoga County areas. Our sales team of Zillow Premier Agents use advanced search technologies that make searching the web seamless and marketing your home instant within the Zillow & Trulia Marketplace.

To connect with us directly,

Please call Mike at 440-305-6349

Or via email:  REALESTATE@FICZNER.COM
Visit us at www.ficzner.com- Call or text 440-305-6349 for more information

FICZNER GROUP
REAL ESTATE ON THIRD STREET

We are Real Estate Entrepreneurs focusing on niche real estate solutions for our partners and clients. At the Ficzner Group our philosophy is that honesty, proficiency, and great communication always results in the very best representation.

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    Mike and Sarah are the best. Very knowledgable and always there to answer questions. Made selling and buying very easy on me. I would recommend them to anyone looking to buy or sell a home. Two thums up!
    - Andrew Bossard
    Experienced agents who care about their clients. They take care all of the details of buying/selling your home. I would recommend them, 100%!
    - Jeannie Randall
    Mike and Sarah are the best. Very knowledgable and always there to answer questions. Made selling and buying very easy on me. I would recommend them to anyone looking to buy or sell a home. Two thums up!
    - Andrew Bossard
    Experienced agents who care about their clients. They take care all of the details of buying/selling your home. I would recommend them, 100%!
    - Jeannie Randall
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      • Address: FICZNER GROUP, 38029 Third Street, Suite B, Willoughby, Ohio 44094
      • Phone: 440-305-6349
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