{"id":8110,"date":"2023-08-08T10:30:00","date_gmt":"2023-08-08T10:30:00","guid":{"rendered":"https:\/\/thezakariagroup.com\/theres-only-half-the-inventory-of-a-normal-housing-market-today\/"},"modified":"2023-08-08T10:30:00","modified_gmt":"2023-08-08T10:30:00","slug":"theres-only-half-the-inventory-of-a-normal-housing-market-today","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/theres-only-half-the-inventory-of-a-normal-housing-market-today\/","title":{"rendered":"There’s Only Half the Inventory of a Normal Housing Market Today"},"content":{"rendered":"
\"There's<\/p>\n

Wondering if it still makes sense to sell your house<\/a> right now? The short answer is, yes. Especially if you consider how few homes there are for sale today.<\/p>\n

You may have heard inventory<\/a> is low right now, but you may not fully realize just how low or why that\u2019s a perk when you go to sell your house. This graph from Calculated Risk<\/em><\/a> can help put that into perspective:\u00a0<\/p>\n

<\/a>As the graph shows, while housing inventory<\/a> did grow slightly week-over-week (shown in the blue bar<\/em>), overall supply is still low (shown in the red bars<\/em>). Compared to the same week last year, supply is down roughly 10% \u2013 and it was already considered low at that time. But, if you look further back, you\u2019ll see inventory is down even more significantly.<\/p>\n

To gauge just how far off from normal today\u2019s inventory is, let\u2019s 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\u2019d usually be. <\/strong><\/p>\n

The key takeaway? We\u2019re still nowhere near what\u2019s considered a balanced market. There\u2019s plenty of <\/span>demand<\/a> for your house because there just aren\u2019t enough homes to go around. As Lawrence Yun, Chief Economist at the <\/span>National Association of Realtors <\/em>(NAR), <\/span>explains<\/a>:<\/span><\/p>\n

\u201cThere are simply not enough homes for sale. <\/em><\/strong>The market can easily absorb a doubling of inventory.\u201d<\/em><\/p><\/blockquote>\n

So, if you want to <\/strong>list your house<\/strong><\/a>, know that there\u2019s only about half the inventory there\u2019d usually be in a more normal year. <\/strong>That means your house will be in the spotlight if you <\/span>sell now<\/a> and you may see multiple offers and a fast home sale.\u00a0<\/span><\/p>\n

Bottom Line<\/h3>\n

With the number of homes for sale roughly half of what there\u2019d usually be in a more normal year, you can rest assured there\u2019s demand for your house. If you want to sell, connect with a local real estate agent now so your house can shine above the rest while inventory is so low.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today. You may have heard inventory is low right now, but you may not fully realize just how low or why that\u2019s a perk when you go […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[100,102,884],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nThere's Only Half the Inventory of a Normal Housing Market Today - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/theres-only-half-the-inventory-of-a-normal-housing-market-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"There's Only Half the Inventory of a Normal Housing Market Today - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Wondering if it still makes sense to sell your house right now? 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