The Biggest Bright Spot for Buyers: Inventory
There’s no arguing the past few years have been challenging for buyers. But there’s one big bright spot today that makes finding a home in your budget a bit easier: how much inventory has improved.
Significant Growth Across the Nation
Nationally, the number of homes for sale is growing – and that’s true in all regions of the country. That’s shown in this data from Realtor.com ( see graph below ). In each of the four regions, inventory is up at least 15% compared to the same time last year. In the West, it’s actually up almost 33% year-over-year:
Inventory Has Improved in Every Region Compared to Last Year Percent Change in Active Listings, Year-over-Year
32.5%
25.4%
18.1%
15.5%
73% faster
Midwest
Northeast
South
West
Source: Realtor.com
More homes for sale helps the market become more balanced. For the past few years, sellers have had the upper hand. Now, things are starting to shift. Nationally, it’s not a full-on buyer’s market yet, but it’s heading toward a healthier place, especially for homebuyers.
6
Made with FlippingBook. PDF to flipbook with ease