American housing inventory is officially at crisis level, according to a new report. Redfin revealed this week that the number of active listings in the U.S. housing market hit an all time low on November 28, down a whopping 23% from the same period one year ago. What’s more, active inventory was down 42% from
Home inventory grows almost 4% in May
June 23, 2021 by
Home inventory rebounded slightly last month amid torrid growth in the housing market, according to the latest Zillow Market Report. Home values continued to rise last month, breaking new records while the typical time on market has fallen to just six days. At the same time, rents across the U.S. are rising fast after stymied
Agents are using novel methods to plug the inventory gap
April 8, 2021 by
The low inventory of homes for sale is making life more difficult for some real estate agents, and in some markets there are twice as many real estate professionals as there are available listings. That means agents are fighting among themselves to get in on the sales action, and some are resorting to desperate measures
Home buyers struggle with record low inventory
January 11, 2021 by
Home buyers have few properties than ever to choose from. In December the number of homes listed for sale in the U.S. dipped to its lowest ever level, below 700,000, realtor.com reported in its Monthly Housing Trends Report. At the same time, demand from buyers remains high, and that has resulted in more bidding wars
Majority of Realtors® Continue to Report Sellers Haven’t Lowered Listing Prices to Attract Buyers
April 30, 2020 by
More than 3 in 4 Realtors® currently working with sellers this week – 76% – reported their clients haven’t reduced listing prices to attract buyers, according to a new survey from the National Association of Realtors®. That’s up from 74% who said the same a week ago. “Nearly 70% of Americans have secure employment and
Home inventory falls amid coronavirus outbreak
April 8, 2020 by
The amount of homes listed for sale in the U.S. during March fell by around 15.7% year-over-year, according to new data from realtor.com that illustrates the impact of the coronavirus pandemic. Still, the market isn’t entirely unhealthy, as the national median listing price was up 3.8% to $320,000 during the month. And those homes that
U.S. housing inventory falls to 7-year low
January 22, 2020 by
The number of home listed for sale in the U.S. has fallen to its lowest point in at least seven years, and the shortage appears poised to get worse before it gets better. Inventory fell 7.5% annually to its lowest level in Zillow data that dates back to 2013, according to the December Zillow Real
Home buyers struggle with growing housing inventory shortages
October 11, 2019 by
More buyers are being tempted by the lower mortgage rates on offer this fall, but the rapidly shrinking inventory of affordable homes for sale means that few are able to find something suitable to buy, claims a new report from realtor.com. The result is more intense competition between first-time buyers and move-up buyers. Housing inventories
Home inventory rises for the first time in 4 years
November 27, 2018 by
Many real estate markets have been plagued by a lack of homes for sale for several years, but things are changing with inventories across the nation finally showing an uptick last month. According to Zillow’s October Real Estate Market Report, the amount of homes for sale in the U.S. rose by 3 percent last month,
3 ways to highlight your stale home listings
April 18, 2017 by
Some properties just seem to sit on the market for months on end. The reasons can be numerous, including the listing being priced too high, it’s location in a bad community, or the property itself just being unattractive.
