<article class="post-636750 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-636750"><span class="entry-date">February 8, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years</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=Number+of+Homes+for+Sale+Up+from+Last+Year%2C+but+Below+Pre-Pandemic+Years&url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fnumber-of-homes-for-sale-up-from-last-year-but-below-pre-pandemic-years%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="Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/number-of-homes-for-sale-up-from-last-year-but-below-pre-pandemic-years-KCM.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.<!–more–></p>
<p><a href="https://www.realtor.com/research/january-2023-data/">According</a> to the latest <em>Monthly Housing Market Trends</em> <em>Report</em> from <em>realtor.com</em>:</p>
<blockquote><p><em>“There were 65.5% more homes for sale in January compared to the same time in 2022. This means that there were 248,000 more homes available to buy this past month compared to one year ago. <strong>While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019</strong>. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”</em></p></blockquote>
<p>The graph below shows how today’s inventory of homes for sale compares to recent years:</p>
<p><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2023/02/07123821/active-monthly-listing-counts-MEM.png"><img alt="Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years | Simplifying The Market" class="aligncenter wp-image-48771" decoding="async" fetchpriority="high" height="488" src="https://files.simplifyingthemarket.com/wp-content/uploads/2023/02/07123821/active-monthly-listing-counts-MEM.png" width="650"/></a></p>
<h4><strong>What Does This Mean for You?</strong></h4>
<p>Fewer homes for sale means buyers have fewer choices than they did prior to the pandemic—and that frustration is leading some to give up on the homebuying process altogether. But with mortgage rates sitting <a href="https://www.simplifyingthemarket.com/2023/01/31/lower-mortgage-rates-are-bringing-buyers-back-to-the-market/?a=712984-fa409495d5d70154d03a25e81e9540e2">lower</a> than they were at the peak last fall, more buyers are willing to come back into the process—they just need to find homes to buy. This is welcome activity for the spring market, especially if you’re thinking of selling your house.</p>
<p>With a renewed interest in buying a home for many, the <em>New York Times </em>(NYT) <a href="https://www.nytimes.com/2023/02/02/business/mortgage-rates-housing-market.html">reports</a>:</p>
<blockquote><p><em>“Home buyers are edging back into the market after being sidelined last year . . .”</em></p></blockquote>
<p>So, if you want to take advantage of a sweet spot in the market, this spring could be your shot.</p>
<h3>Bottom Line</h3>
<p>
The housing market needs more homes for sale to meet the demand of today’s buyers. If you’ve thought about selling, now’s the time for us to connect and get ready for you to make a move this spring.</p>
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