Is the Number of Homes for Sale Finally Growing? An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that are available. However, signs of relief are finally appearing. What normally happens throughout the year? Historically, housing inventory increases throughout the summer months, starts to tail off in the fall, and then drops significantly over the winter. What happened last year? Last year, the trend was different. Historical seasonality wasn’t repeated in 2020 since many homeowners held off on putting their houses up for sale because of the pandemic. In 2020, active listings peaked in April, and then fell off... #Bgroup #Prescott #Realtor #Homes #Smart
Brad Bergamini
Is the Number of Homes for Sale Finally Growing? An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that are available. However, signs of relief are finally appearing. What normally happens throughout the year? Historically, housing inventory increases throughout the summer months, starts to tail off in the fall, and then drops significantly over the winter. What happened last year? Last year, the trend was different. Historical seasonality wasn’t repeated in 2020 since many homeowners held off on putting their houses up for sale because of the pandemic. In 2020, active listings peaked in April, and then fell off... #Bgroup #Prescott #Realtor #Homes #Smart - 928-227-8575
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