Are There Actually More Homes for Sale Right Now?

<article class="post-855729 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-855729"><span class="entry-date">November 21, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">Are There Actually More Homes for Sale Right Now?</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Are+There+Actually+More+Homes+for+Sale+Right+Now%3F&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fare-there-actually-more-homes-for-sale-right-now%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="Are There Actually More Homes for Sale Right Now? Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/20231121-Are-There-Actually-More-Homes-For-Sale-Right-Now.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>If you’re looking to <a href="https://www.simplifyingthemarket.com/2023/11/13/life-changing-events-that-move-the-housing-market/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">make a move</a>, 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 <a href="https://www.simplifyingthemarket.com/2023/10/13/the-difference-between-renting-and-buying-a-home-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">looking to buy</a> or sell, the number of homes available in your local market matters to you. Take a look below.  </p>
<h4><strong>What’s the Truth About Today’s Housing Inventory?</strong></h4>
<p>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 <em>Realtor.com</em> <a href="https://www.realtor.com/research/data/" rel="noopener noreferrer" target="_blank">shows</a> inventory is actually growing a bit month-over-month in many parts of the country (<em>see the blue states in the map below</em>):</p>
<p><a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20231115/20231121-Change-In-Inventory.png" rel="noopener noreferrer" target="_blank"><img decoding="async" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20231115/20231121-Change-In-Inventory.png"/></a></p>
<p></p>
<p><strong>As the map shows, nationally, housing supply increased just over 5% last month. </strong></p>
<h4><strong>Does That Mean the Days of Limited Inventory Are Over?</strong></h4>
<p>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, <a href="https://www.realtor.com/research/data/" rel="noopener noreferrer" target="_blank">data</a> also shows there are still significantly fewer homes for sale than there would usually be in a more normal market.</p>
<p>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):</p>
<p><a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20231115/20231121-Active-Listing-Count.png" rel="noopener noreferrer" target="_blank"><img decoding="async" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20231115/20231121-Active-Listing-Count.png"/></a></p>
<p></p>
<p>As Lance Lambert, Founder, <em>ResiClub Analytics</em>, <a href="https://www.resiclubanalytics.com/p/housing-market-inventory-far-prepandemic-levels-octobers-big-jump-still-just-drop-bucket" rel="noopener noreferrer" target="_blank">explains</a>:</p>
<blockquote><p><em>“</em><strong><em>Housing market inventory is so far below pre-pandemic levels that October’s big jump is still just a drop in the bucket</em></strong><em>.”</em></p></blockquote>
<p>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.</p>
<p>If you’re <a href="https://www.simplifyingthemarket.com/2023/10/17/how-buying-a-multi-generational-home-helps-with-affordability-today/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">looking to buy</a>, 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.</p>
<p>And, if you’re <a href="https://www.simplifyingthemarket.com/2023/11/06/reasons-to-sell-your-house-before-the-new-year/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">trying to sell</a>, 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. </p>
<h3>Bottom Line</h3>
<p>If you’re looking to buy or sell a home, connect with a local real estate agent 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. </p>
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