{"id":2289,"date":"2021-09-10T13:25:44","date_gmt":"2021-09-10T17:25:44","guid":{"rendered":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=2289"},"modified":"2021-09-10T13:25:50","modified_gmt":"2021-09-10T17:25:50","slug":"national-home-inventory-update","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2021\/09\/10\/national-home-inventory-update\/","title":{"rendered":"National Home Inventory Update"},"content":{"rendered":"\n

An important factor in today\u2019s market is the number of homes for sale. I normally share local inventory by price point; however, I thought I would take a step back to look at the data on a national level. While inventory levels continue to sit near historic lows, there are indications we may have already hit the lowest point. We\u2019re still not close to a balanced market, which would be a 6 months\u2019 supply of homes for sale. However, we are seeing a slow but steady increase in homes coming up for sale. See the chart below for a long-term perspective.<\/p>\n\n\n\n

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Given what we are seeing, what does it mean for buyers and sellers?<\/p>\n\n\n\n\n\n\n\n

Buyers<\/strong><\/p>\n\n\n\n

If you\u2019re a buyer, more inventory coming to market is a welcome sight. More supply means more options and less competition, which should mean fewer bidding wars. If you\u2019re having trouble finding your next home, this news should give you the hope and motivation to keep your buying process moving forward. Many experts project mortgage rates will begin increasing, which will make purchasing a home less affordable over time. You can still capitalize on today\u2019s low interest rates, so stick with your search as more homes come to market.<\/p>\n\n\n\n

Sellers<\/strong><\/p>\n\n\n\n

If you\u2019ve been putting off selling your house, you shouldn\u2019t wait much longer. Recent month-over-month gains in homes for sale have helped buyers, but we\u2019re still very much in a sellers\u2019 market. Of course, more homes are coming to market now, and more are expected in the coming months. Selling your house soon gives you the chance to get ahead of the competition and maximize your sales potential before more homes are put up for sale in your neighborhood.<\/p>\n\n\n\n

Conclusion<\/strong><\/p>\n\n\n\n

More homes for sale means more options for buyers and more competition for sellers. Whether you\u2019re looking to buy or sell, connect with your real estate agent today to discuss your options and why it\u2019s still a good time to make your move.<\/p>\n","protected":false},"excerpt":{"rendered":"

An important factor in today\u2019s market is the number of homes for sale. I normally share local inventory by price point; however, I thought I would take a step back to look at the data on a national level. While inventory levels continue to sit near historic lows, there are indications we may have already […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,26,1],"tags":[12,13,9,16,15,20,19,6,17],"class_list":["post-2289","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-home-selling","category-real-estate","tag-home-buying","tag-home-selling","tag-lakewood-ranch","tag-manatee-county","tag-real-estate","tag-real-estate-agent","tag-realtor","tag-sarasota","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/2289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/comments?post=2289"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/2289\/revisions"}],"predecessor-version":[{"id":2291,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/2289\/revisions\/2291"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=2289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=2289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=2289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}