There’s no denying that the recent market has been tough for buyers. Thanks to historically low inventory, many would-be buyers have been unable to successfully find and purchase a home.
But it looks like that’s starting to change.
According to the September Housing Report from realtor.com, available inventory in the United States (which the report defined as active listings on realtor.com without a contract) hit 646,053 homes in September—a high for 2021. And while inventory is still down overall (according to the report, national inventory is down 22.2 percent from 2020) nearly one-third of the 50 largest metros in the United States saw an increase in newly-listed homes compared to last year—with many seeing inventory increases of 10 percent or more year-over-year.
So, what does that mean for you? More inventory means more options for buyers (and, hopefully, less competition)—so, if you’ve been thinking about buying a home, now is a better time than any in 2021 to make a move.