How many homes there are available for sale affects both home buyers and sellers. For buyers, climbing inventory is good news and means price increases and competition should begin to slow. For sellers, more homes for sale could mean having to put in some extra effort to attract buyers and make your home stand out from the pack. These days, inventory is on the rise and – after falling to historic lows in recent years – that’s encouraging. It helps balance the market and evens out the highs and lows for both buyers and sellers. That’s why new numbers from the National Association of Realtors’ consumer website are a positive sign. The data shows the inventory of homes for sale has now increased year-over-year for 29 consecutive weeks and is 36.5 percent higher than last year. In fact, there are now more homes available on the market than there have been at any point since July 2020, nearly four years ago. (source)
