[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fze20cm4pwlu6":3,"$ffeh0925h8cuz":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"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":25,"updatedAt":26},58787,"are-there-more-homes-for-sale-where-you-live","Are There More Homes for Sale Where You Live?","\u003Cp>One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240809\u002F20240812-are-there-more-homes-for-sale-where-you-live-original.png","\u003Cp>One of the biggest \u003Ca href=\"\u002F2024\u002F07\u002F18\u002Funlocking-homebuyer-opportunities-in-2024\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: blue;\">bright spots\u003C\u002Fa> in today’s \u003Ca href=\"\u002F2024\u002F06\u002F28\u002Fhousing-market-forecast-for-the-2nd-half-of-2024-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: blue;\">housing market\u003C\u002Fa> is how much the supply of homes for sale has grown since the beginning of this year. \u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fresearch\u002Fjuly-2024-data\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: blue;\">Recent data\u003C\u002Fa> from \u003Cem>Realtor.com\u003C\u002Fem> shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of \u003Ca href=\"\u002F2024\u002F08\u002F06\u002Fhelpful-negotiation-tactics-for-todays-housing-market\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: blue;\">negotiation power\u003C\u002Fa>. So, if you’re someone who thought about \u003Ca href=\"\u002F2024\u002F07\u002F16\u002Fhow-to-determine-if-youre-ready-to-buy-a-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: blue;\">buying a home\u003C\u002Fa> over the last few years but was discouraged by how limited inventory was, this should be welcome news.\u003C\u002Fp>\u003Cp>As Lawrence Yun, Chief Economist at the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fmagazine\u002Freal-estate-news\u002Fmedian-sales-prices-reach-new-high#:~:text=%E2%80%9CIncreased%20housing%20supply%20spells%20good,compared%20to%20a%20year%20ago.\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: blue;\">says\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote> \u003Cem>“Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>But just so you have perspective, even though inventory has grown, that doesn’t mean we’ve suddenly flipped to an \u003Ca href=\"\u002F2024\u002F06\u002F13\u002Fhomebuilders-arent-overbuilding-theyre-catching-up\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: blue;\">oversupply\u003C\u002Fa> of homes on the market. There are nowhere near enough homes for sale to make \u003Ca href=\"\u002F2024\u002F07\u002F08\u002Fnot-a-crash-3-graphs-that-show-how-todays-inventory-differs-from-2008\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: blue;\">prices crash\u003C\u002Fa>. If you compare today’s inventory levels to more normal, pre-pandemic numbers (2017–2019), there are still roughly 29% fewer homes actively for sale now (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Cstrong>\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240809\u002F20240812-the-supply-of-homes-for-sale-is-improving-original.png\">So, while we’re up by almost 37% year-over-year, we’re still not back to how much inventory there’d be in a normal market. \u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>As Bill McBride, Housing Analyst for \u003Cem>Calculated Risk\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fcalculatedrisk.substack.com\u002Fp\u002Fpart-1-current-state-of-the-housing-e39\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: blue;\">explains\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote> \u003Cem>“ . . . currently inventory is increasing year-over-year but is still well below pre-pandemic levels.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>But that’s okay. It’s to be expected. As a country, it’ll take a while to get back to the typical level of homes for sale. And the good news for buyers is, in some select markets, it’s closer to being a reality.\u003C\u002Fp>\u003Cp>Here’s a rundown of what today’s inventory growth looks like by region (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240809\u002F20240812-inventory-is-up-the-most-in-the-south-and-west-original.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240809\u002F20240812-inventory-is-up-the-most-in-the-south-and-west-original.png\" alt=\"No Caption Received\">\u003C\u002Fa>Real estate will always be hyper-local. If you want to find out what inventory numbers look like where you live, reach out to a \u003Ca href=\"\u002F2024\u002F07\u002F15\u002Fwhy-working-with-a-real-estate-professional-is-crucial-right-now\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: blue;\">local agent\u003C\u002Fa>. They’ll be able to tell you what they’re seeing and how it stacks up to the national market. You may find you have even \u003Ca href=\"\u002F2024\u002F07\u002F24\u002Fa-newly-built-home-may-actually-be-more-budget-friendly\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: blue;\">more opportunity\u003C\u002Fa> to move where you are.\u003C\u002Fp>","\u003Cp>The supply of homes across the country is improving in a big way. As a buyer, that gives you more options for your home search, and ultimately, a better chance of finding what you like.\u003C\u002Fp>\u003Cp>So, what are you looking for in a home? And what’s your budget? Let’s go over that together to find the options that may be right for you.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240809\u002F20240812-the-supply-of-homes-for-sale-is-improving-original.png",false,[17,21],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},320,"Inventory","inventory","2024-08-12T10:30:00Z","2024-08-12T10:30:15Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},58731,"home-inspections-for-sellers-how-to-prepare","Home Inspections For Sellers: How To Prepare","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240808\u002F20240809-Home-Inspections-For-Sellers-How-To-Prepare-KCM-Share-original.jpg","2024-08-09T10:30:00Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},58921,"is-affordability-starting-to-improve","Is Affordability Starting To Improve?","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240812\u002F20240813-is-affordability-starting-to-improve-original.png","2024-08-13T10:30:00Z",{"cover":40,"open":41,"shareSpread":42},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[44,48,49,53,57,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},6,"For Sellers","sellers",{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":66,"name":67,"slug":68},11,"First-Time Buyers","first-time-buyers",{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":78,"name":79,"slug":80},38,"Move-Up","move-up",{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":98,"name":99,"slug":100},53,"Rent vs. Buy","rent-vs-buy",{"id":102,"name":103,"slug":104},80,"Time-sensitive","time-sensitive",{"id":106,"name":107,"slug":108},81,"Outdated","outdated",{"id":110,"name":111,"slug":112},147,"Internal","internal",{"id":114,"name":115,"slug":116},148,"Do Not Autopost","do-not-autopost",{"id":22,"name":23,"slug":24},{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]