Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years

Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years | MyKCM

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.

According to the latest Monthly Housing Market Trends Report from realtor.com:

“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. 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. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”

The graph below shows how today’s inventory of homes for sale compares to recent years:

What Does This Mean for You?

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 lower 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.

With a renewed interest in buying a home for many, the New York Times (NYT) reports:

“Home buyers are edging back into the market after being sidelined last year . . .”

So, if you want to take advantage of a sweet spot in the market, this spring could be your shot.

Bottom Line

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.

January 2016 Home Sales Zip Code 36022 Deatsville Elmore County

These were the Existing Homes for January 2016 for Zip Code 36022 for Deatsville and Elmore County including Holtville, Slapout, and part of Lake Jordan communities and subdivisions Spring Hollow, Richfield, Brookshire, Wind Mill Ridge, Dillons Run, Coosa Ridge, Green Acres, Foxwood, Plantation Ridge, Stoneybrooke Plantation, Turner’s Place, Bridlewood, Bellview Heights, Indian Hills, Meadowview, Sagewood, Kimrick Estates, Country Side Estates, The Forest, Grand Park, Summerfield, Cotton Terrace, Autumn Springs, Forest Heights, Cruise Farm Estates, Breckenridge Crescent Ridge, Savannah Trace, Wynridge, Blackberry, Ridgedale Estates, Country Oaks, Copper Ridge, and Cobblestone Run. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a better chance of a bargain if you are buying. For a personalized report, feel free to contact me.
Chart January 2016 Home Sales Zip Code 36022 Deatsville Elmore County

May 2013 Home Sales Zip Code 36109

These were the existing Homes for Sale May 2013 for Zip Code 36109 in Montgomery including subdivisions Forest Hills, Lakeview Heights, Dalraida, Johnstown, Morningview, Bell Hurst, County Downs,Fox Hollow, and Carol Villa. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelyhood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a better chance for a bargain if you are buying. For a personalized report, feel free to contact me.
Chart May 2013 Home Sales Zip Code 36109