{"id":141,"date":"2024-08-19T18:34:40","date_gmt":"2024-08-19T23:34:40","guid":{"rendered":"https:\/\/twilabertrand.sites.c21.homes\/?p=141"},"modified":"2024-08-19T18:34:40","modified_gmt":"2024-08-19T23:34:40","slug":"are-there-more-homes-for-sale-where-you-live","status":"publish","type":"post","link":"https:\/\/twilabertrand.sites.c21.homes\/?p=141","title":{"rendered":"Are There More Homes for Sale Where You Live?"},"content":{"rendered":"

Are There More Homes for Sale Where You Live?<\/a><\/h2>\n
For Buyers,\u00a0<\/a><\/span>Inventory<\/a><\/span><\/div>\n
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One of the biggest\u00a0bright spots<\/a>\u00a0in today\u2019s\u00a0housing market<\/a> is how much the supply of homes for sale has grown since the beginning of this year.\u00a0 \u00a0Are there more homes for sale where you live?\u00a0 In Angelina County we are seeing a 51% increase in inventory from this time last year!<\/p>\n

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Recent data<\/a>\u00a0from\u00a0Realtor.com<\/em>\u00a0shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That\u2019s a significant improvement. It gives you far more options for your move than you would\u2019ve had just a year ago. And with supply improving, you\u2019re also regaining a bit of\u00a0negotiation power<\/a>. So, if you\u2019re someone who thought about\u00a0buying a home<\/a>\u00a0over the last few years but was discouraged by how limited inventory was, this should be welcome news.<\/p>\n

As Lawrence Yun, Chief Economist at the\u00a0National Association of Realtors<\/em>\u00a0(NAR),\u00a0says<\/a>:<\/p>\n

\u00a0\u201cIncreased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.\u201d<\/em><\/p><\/blockquote>\n

But just so you have perspective, even though inventory has grown, that doesn\u2019t mean we\u2019ve suddenly flipped to an\u00a0oversupply<\/a>\u00a0of homes on the market. There are nowhere near enough homes for sale to make\u00a0prices crash<\/a>. If you compare today\u2019s inventory levels to more normal, pre-pandemic numbers (2017\u20132019), there are still roughly 29% fewer homes actively for sale now (see graph below<\/em>):<\/p>\n

So, while we\u2019re up by almost 37% year-over-year, we\u2019re still not back to how much inventory there\u2019d be in a normal market.\u00a0<\/strong><\/p>\n

As Bill McBride, Housing Analyst for\u00a0Calculated Risk<\/em>,\u00a0explains<\/a>:<\/p>\n

\u00a0\u201c . . . currently inventory is increasing year-over-year but is still well below pre-pandemic levels.\u201d<\/em><\/p><\/blockquote>\n

But that\u2019s okay. It\u2019s to be expected. As a country, it\u2019ll 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\u2019s closer to being a reality.<\/p>\n

Here\u2019s a rundown of what today\u2019s inventory growth looks like by region (see graph below<\/em>):<\/p>\n

\"No<\/a>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\u00a0local agent<\/a>. They\u2019ll be able to tell you what they\u2019re seeing and how it stacks up to the national market. You may find you have even\u00a0more opportunity<\/a>\u00a0to move where you are.<\/p>\n<\/div>\n

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Bottom Line<\/h3>\n

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.<\/p>\n

So, what are you looking for in a home? And what\u2019s your budget? Let\u2019s go over that together to find the options that may be right for you.<\/p>\n

I am here and happy to help with all of your Real Estate questions and needs!<\/p>\n

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Helping Buyers and Sellers with Real Estate in Lufkin, Nacogdoches, Huntington, and all of East Texas since 2012!<\/em><\/strong><\/p>\n

Twila Bertrand, Realtor<\/strong><\/p>\n

CENTURY 21 Cota Realty<\/strong><\/p>\n

1306 N Medford Drive
\nLufkin, Tx 75901<\/p>\n

twilabertrand@gmail.com<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Are There More Homes for Sale Where You Live? Monday August 19th, 2024 For Buyers,\u00a0Inventory One of the biggest\u00a0bright spots\u00a0in today\u2019s\u00a0housing market is how much the supply of homes for sale has grown since the beginning of this year.\u00a0 \u00a0Are there more homes for sale where you live?\u00a0 In Angelina County we are seeing a […]<\/p>\n","protected":false},"author":194391,"featured_media":142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[27,28,31,50,45,40,33,43,23,22,21,46],"class_list":["post-141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-angelina-county-real-estate","tag-buying-a-home","tag-buying-facts","tag-buying-smart","tag-first-time-homebuyers","tag-home-affordability","tag-homeowner","tag-homes-for-sale","tag-huntington-real-estate","tag-lufkin-realtor","tag-real-estate-agent","tag-trust-the-pros"],"_links":{"self":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/users\/194391"}],"replies":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=141"}],"version-history":[{"count":1,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/141\/revisions"}],"predecessor-version":[{"id":143,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/141\/revisions\/143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/media\/142"}],"wp:attachment":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}