If you're considering buying or selling a home, you'll want to know what's happening in the housing market. Let's take a quick look at the national trends we're realizing today.
Fewer sellers are putting their homes on the market right now, and that's a big reason housing supply is so limited. Since this time last year, new listings are down 25.7%. Since this time last month, they are down 3%.
This means inventory is still very low, and that's creating competition among buyers and leading to multiple offer scenarios (which can be very good for homeowners). Total housing inventory nationwide is down 13.6% since this time last year.
Home prices are climbing back up in many areas because there's not enough inventory to meet demand. While the year-over-year change in home prices is down 0.2%, it is up by 1.3% since this time last month.
And finally, even though the market isn't moving as fast as it was a year ago, homes are selling fast when priced right. That is the key... working with a pricing strategy advisor (like myself) to ensure your price is right and your home is positioned to sell soon.
While this infographic highlights nation-wide trends in real estate right now, remember, we offer up-to-date market stats every month for the Central Florida area and would be happy to share stats for any area you are interested in... just ask!
Some Highlights
- If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.
- Housing inventory is still very low, prices are climbing back up, and homes are selling fast when priced right.
- If you want more information about our local area and what the trends mean for your plans to buy or sell, let’s connect.
