Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years

Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years | MyKCM

The number of homes for sale across the United States is up from last year, but still below pre-pandemic years. According to the National Association of Realtors, the number of existing homes for sale rose 10.4 percent to 1.42 million in April compared with the same month a year ago. That's the highest level since March 2020, but still well below the 1.99 million homes for sale in April 2019. The lack of homes for sale is one of the main factors driving up prices, as buyers compete for a limited number of properties. In addition, the average home price across the U.S. was up 17.2 percent year-over-year in April, to $329,100. That marks the highest level ever recorded.


What Does This Mean for You?

If youre looking to buy a home, this news may be a bit of a double-edged sword. On one hand, there are more homes available than last year, so you may have more options to choose from. On the other hand, prices are rising due to the increased competition, so it may be harder to find a home you can afford. Its important to keep an eye on market trends and do your research so you can be prepared to make an offer when the right home comes along. Working with an experienced real estate agent can also be helpful in navigating the market.

Bottom Line

The housing market needs more homes for sale to meet the demand of today’s buyers. If you’ve thought about selling, now’s the time for us to connect and get ready for you to make a move this spring.

 

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