Today’s Housing Inventory Is a Sweet Spot for Sellers
July 6, 2023 For Sellers Housing Market Updates Selling Myths One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in a given month, as it compares to more normal levels. According to a recent report from Realtor.com : “On average, active inventory in June was 50.6% below pre-pandemic 2017–2019 levels .” The graph below helps illustrate this point. It uses historical data to provide a more concrete look at how much the numbers are still lagging behind the level of inventory typical of a more normal market ( see graph below ): It’s worth noting that 2020-2022 are not included in this graph. That’s because they were truly abnormal years for the housing market. To make the comparison fair, those have been omitted so they don’t distort t