Great News for Buyers—Housing Inventory in the US Is on the Rise

  • Heather Smith
  • 09/2/21

There’s no denying that the market has been difficult for buyers. While there are plenty of potential buyers out there ready and willing to purchase a home, there simply hasn’t been enough inventory to keep up with demand.

But it looks like that’s finally starting to change.

According to data from the National Association of REALTORS® (NAR), 1.32 million homes were available for sale in July 2021—a 7.3 percent increase over June’s available inventory.

The Takeaway:

So, what does that mean for you? With more inventory hitting the market, more buyers are successfully finding and purchasing homes (according to NAR’s data, existing home sales were up 2 percent from June to July—and up 1.5 percent from July 2020). So, if you’ve been thinking about buying a home, now is a great time to make a move.

Work With Heather

For most families, choosing a new home is the biggest financial decision they will ever make. There are many complicated decisions involved in choosing a home. As one of the top real estate professionals in the local market, I'll negotiate the best prices and terms for you and answer all of your questions as they arise.

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