[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fq16wcxy2vv99":3,"$f2emv3tus0uf1":35,"$fbwk2pqjjqsc7":39},{"item":4,"previous":23,"next":29},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":21,"updatedAt":22},15426,"theres-only-half-the-inventory-of-a-normal-housing-market-today","There's Only Half the Inventory of a Normal Housing Market Today","\u003Cp>Wondering if it still makes sense to sell your house right now?\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230807\u002F20230808-Theres-Only-Half-the-Inventory-of-a-Normal-Housing-Market-Today.jpg","\u003Cp>Wondering if it still makes sense to \u003Ca href=\"\u002F2023\u002F08\u002F01\u002Fsellers-dont-let-these-two-things-hold-you-back\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">sell your house\u003C\u002Fa> right now? The short answer is, yes. Especially if you consider how few homes there are for sale today.\u003C\u002Fp>\u003Cp>You may have heard \u003Ca href=\"\u002F2023\u002F07\u002F14\u002Flow-housing-inventory-is-a-sweet-spot-for-sellers-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">inventory\u003C\u002Fa> is low right now, but you may not fully realize just how low or why that’s a perk when you go to sell your house. This graph from \u003Ca href=\"https:\u002F\u002Fwww.calculatedriskblog.com\u002F2023\u002F08\u002Fhousing-august-7th-weekly-update.html\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>Calculated Risk\u003C\u002Fem>\u003C\u002Fa> can help put that into perspective: \u003C\u002Fp>\u003Cp>\u003Ca href=\"\u002Fcontent\u002Fimages\u002F20230807\u002F20230808-Inventory-Is-Still-Historically-Low.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230807\u002F20230808-Inventory-Is-Still-Historically-Low.png\">\u003C\u002Fa>As the graph shows, while \u003Ca href=\"\u002F2023\u002F07\u002F06\u002Ftodays-housing-inventory-is-a-sweet-spot-for-sellers\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">housing inventory\u003C\u002Fa> did grow slightly week-over-week (\u003Cem>shown in the blue bar\u003C\u002Fem>), overall supply is still low (\u003Cem>shown in the red bars\u003C\u002Fem>). Compared to the same week last year, supply is down roughly 10% – and it was already considered low at that time. But, if you look further back, you’ll see inventory is down even more significantly.\u003C\u002Fp>\u003Cp>To gauge just how far off from normal today’s inventory is, let’s compare right now to 2019 (the last normal year in the market). When you compare the same week this year with the matching week in 2019, supply is about 50% lower. That means there are half the homes for sale now than there’d usually be.\u003Cstrong> \u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>The key takeaway? \u003Cspan style=\"color: black;\">We’re still nowhere near what’s considered a balanced market. There’s plenty of \u003C\u002Fspan>\u003Ca href=\"\u002F2023\u002F07\u002F27\u002Fhomebuyers-are-still-more-active-than-usual\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">demand\u003C\u002Fa>\u003Cspan style=\"color: black;\"> for your house because there just aren’t enough homes to go around. As Lawrence Yun, Chief Economist at the \u003C\u002Fspan>\u003Cem style=\"color: black;\">National Association of Realtors \u003C\u002Fem>\u003Cspan style=\"color: black;\">(NAR), \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-retreated-3-3-in-june-monthly-median-sales-price-reached-second-highest-amount\" rel=\"noopener noreferrer\" target=\"_blank\">explains\u003C\u002Fa>\u003Cspan style=\"color: black;\">:\u003C\u002Fspan>\u003C\u002Fp>\u003Cblockquote>\u003Cstrong style=\"color: black;\">\u003Cem>“There are simply not enough homes for sale. \u003C\u002Fem>\u003C\u002Fstrong>\u003Cem style=\"color: black;\">The market can easily absorb a doubling of inventory.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>\u003Cstrong style=\"color: black;\">So, if you want to \u003C\u002Fstrong>\u003Ca href=\"\u002F2023\u002F07\u002F12\u002Frenting-or-selling-your-house-whats-the-best-move\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cstrong>list your house\u003C\u002Fstrong>\u003C\u002Fa>\u003Cstrong style=\"color: black;\">, know that there’s only about half the inventory there’d usually be in a more normal year. \u003C\u002Fstrong>\u003Cspan style=\"color: black;\">That means your house will be in the spotlight if you \u003C\u002Fspan>\u003Ca href=\"\u002F2023\u002F07\u002F31\u002Fpricing-your-house-right-still-matters-today\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">sell now\u003C\u002Fa>\u003Cspan style=\"color: black;\"> and you may see multiple offers and a fast home sale. \u003C\u002Fspan>\u003C\u002Fp>","\u003Cp>With the number of homes for sale roughly half of what there’d usually be in a more normal year, you can rest assured there’s demand for your house. If you want to sell, let’s connect now so your house can shine above the rest while inventory is so low.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230807\u002F20230808-Inventory-Is-Still-Historically-Low.png",false,[17],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers","2023-08-08T10:30:00Z","2023-08-08T10:30:35Z",{"id":24,"slug":25,"title":26,"featuredImage":27,"publishedAt":28,"contentType":10,"isVideo":15},15422,"four-ways-you-can-use-your-home-equity","Four Ways You Can Use Your Home Equity","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230804\u002F20230807-Four-Ways-You-Can-Use-Your-Home-Equity.jpg","2023-08-07T10:30:00Z",{"id":30,"slug":31,"title":32,"featuredImage":33,"publishedAt":34,"contentType":10,"isVideo":15},15430,"the-value-of-an-agent-when-buying-your-new-construction-home","The Value of an Agent When Buying Your New Construction Home","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230808\u002F20230809-The-Value-of-an-Agent-When-Buying-Your-New-Construction-Home.jpg","2023-08-09T10:30:00Z",{"cover":36,"open":37,"shareSpread":38},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[40,44,48,49,53,57,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153],{"id":41,"name":42,"slug":43},1,"Uncategorized","uncategorized",{"id":45,"name":46,"slug":47},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},7,"Foreclosures","foreclosures",{"id":54,"name":55,"slug":56},8,"Infographics","infographics",{"id":58,"name":59,"slug":60},9,"Home Prices","home-prices",{"id":62,"name":63,"slug":64},11,"First-Time Buyers","first-time-buyers",{"id":66,"name":67,"slug":68},34,"Senior Market","senior-market",{"id":70,"name":71,"slug":72},35,"Mortgage Rates","mortgage-rates",{"id":74,"name":75,"slug":76},38,"Move-Up","move-up",{"id":78,"name":79,"slug":80},41,"For Sale by Owner","for-sale-by-owner",{"id":82,"name":83,"slug":84},42,"Featured","featured",{"id":86,"name":87,"slug":88},45,"New Construction","new-construction",{"id":90,"name":91,"slug":92},52,"Luxury \u002F Vacation","luxury--vacation",{"id":94,"name":95,"slug":96},53,"Rent vs. Buy","rent-vs-buy",{"id":98,"name":99,"slug":100},80,"Time-sensitive","time-sensitive",{"id":102,"name":103,"slug":104},81,"Outdated","outdated",{"id":106,"name":107,"slug":108},147,"Internal","internal",{"id":110,"name":111,"slug":112},148,"Do Not Autopost","do-not-autopost",{"id":114,"name":115,"slug":116},320,"Inventory","inventory",{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]