Are We Experiencing a Surge in Homes Listed for Sale Today?


If you're considering a move, staying informed about the current housing market is crucial. Here's the latest update on the current supply of homes for sale. Whether you're in the market to buy or sell, the availability of homes in your local area is a key factor. Check out the details below.

Unveiling the Reality of Current Housing Inventory

Recent national data may challenge the narrative of the past few years, where the emphasis was on the scarcity of homes in the market. According to Realtor.com, there's evidence of a slight month-over-month increase in inventory in various parts of the country, as highlighted by the blue states in the map below.

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


Does this suggest that the era of constrained inventory is coming to an end?


Does this prompt the question: are we moving past the era of limited housing supply? In short, not quite. It's crucial to consider the context. Despite reports of increased inventory, the data reveals a substantial shortage of homes for sale compared to the typical levels in a more stable market. The graph below illustrates the current count of active listings (homes presently available for sale) in comparison to the inventory levels during the more standard 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 this signify for you? Keep in mind that real estate is highly localized. Collaborating with a reliable real estate agent will provide you with a more precise understanding of the inventory dynamics in your specific market.

For those in the buying market, there might be a slightly expanded array of options compared to recent months. However, it's essential to be prepared for a market with still-reduced inventory. A skilled agent can share their insights and effective strategies that have assisted other buyers in navigating the persistent challenges of low housing supply.

On the selling side, rest assured that the window of opportunity to potentially attract multiple offers or witness a swift sale hasn't closed. While there has been a national uptick in inventory, the overall levels are still relatively low, and it's possible that they are even lower in your local 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.

1819 Properties
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$785,000
Neighborhood: Port Charlotte Sec 093
3
Beds
2
Baths
1,857
Sq.Ft.
2002
Year Built
1
Day on Site
C7492807
MLS
$229,000
Neighborhood: Port Charlotte Sec 067
2
Beds
1
Baths
900
Sq.Ft.
1991
Year Built
1
Day on Site
C7492899
MLS
$307,990
Neighborhood: Port Charlotte Sec 056
3
Beds
2
Baths
1,550
Sq.Ft.
2024
Year Built
1
Day on Site
A4611152
MLS
$275,000
Neighborhood: Port Charlotte Sec 033
2
Beds
2
Baths
950
Sq.Ft.
1981
Year Built
2
Days on Site
A4609745
MLS
$264,900
Neighborhood: Port Charlotte Sec 007
2
Beds
2
Baths
1,352
Sq.Ft.
1978
Year Built
2
Days on Site
C7489409
MLS
$148,000
Neighborhood: Maple Leaf Estates
2
Beds
2
Baths
960
Sq.Ft.
1982
Year Built
2
Days on Site
C7492872
MLS
$437,900
Neighborhood: Port Charlotte Sec 050
4
Beds
3
Baths
2,265
Sq.Ft.
2024
Year Built
2
Days on Site
C7492915
MLS
$404,900
Neighborhood: Port Charlotte Sec 41
3
Beds
2
Baths
2,010
Sq.Ft.
2024
Year Built
2
Days on Site
C7492916
MLS
$148,000
Neighborhood: Cambridge House
2
Beds
2
Baths
919
Sq.Ft.
1979
Year Built
2
Days on Site
C7492921
MLS
$1,250,000
Neighborhood: Port Charlotte Sec 093
4
Beds
3
Baths
2,475
Sq.Ft.
2020
Year Built
2
Days on Site
N6132900
MLS
$624,999
Neighborhood: Port Charlotte Sec 082
3
Beds
2
Baths
1,977
Sq.Ft.
1995
Year Built
3
Days on Site
D6136535
MLS
$374,990
Neighborhood: Hammocks At West Port Phase Ii
3
Beds
2
Baths
1,720
Sq.Ft.
2023
Year Built
3
Days on Site
A4585823
MLS

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