Skip to content
  • REAL News Topics
    • Housing Market Updates
    • For Sellers
    • For Buyers
    • First Time Home Buyers
    • Move-Up Buyers
    • Pricing
    • Interest Rates
  • Resources
    • Search MLS Listings
    • Free Home Valuation
    • How to Buy a Home
    • Community Research
  • Careers
  • My Listing
  • Contact Us
Menu
  • REAL News Topics
    • Housing Market Updates
    • For Sellers
    • For Buyers
    • First Time Home Buyers
    • Move-Up Buyers
    • Pricing
    • Interest Rates
  • Resources
    • Search MLS Listings
    • Free Home Valuation
    • How to Buy a Home
    • Community Research
  • Careers
  • My Listing
  • Contact Us

Follow us on social media!

Facebook-f Twitter Linkedin Youtube
  • Login
  • Sign Up
  • REAL News Topics
    • Housing Market Updates
    • For Sellers
    • For Buyers
    • First Time Home Buyers
    • Move-Up Buyers
    • Pricing
    • Interest Rates
  • Resources
    • Search MLS Listings
    • Free Home Valuation
    • How to Buy a Home
    • Community Research
  • Careers
  • My Listing
  • Contact Us
Menu
  • REAL News Topics
    • Housing Market Updates
    • For Sellers
    • For Buyers
    • First Time Home Buyers
    • Move-Up Buyers
    • Pricing
    • Interest Rates
  • Resources
    • Search MLS Listings
    • Free Home Valuation
    • How to Buy a Home
    • Community Research
  • Careers
  • My Listing
  • Contact Us

Call Us Today

763-324-9364

  • Nov 23, 2022
First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers

What Buyers Need To Know About the Inventory of Homes Available for Sale

  • TheMLS online
  • 11:00 am

What Buyers Need To Know About the Inventory of Homes Available for Sale | Simplifying The Market

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market.

If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for sale today than there were at this time last year. According to Calculated Risk, for the week ending in November 18th, there were 47.7% more homes available for sale than there were at the same time in 2021. And having more options for your home search may be exactly what you need to feel confident about making a move.

Here’s a look at where the increased housing supply is coming from so you can get a better sense of what’s happening in the market today and what it means for you.

What Caused the Growth in Housing Inventory This Year?

The increase we’ve seen in housing supply this year isn’t from the source you think it is. Rather than an influx of recent homeowners listing their houses for sale (known as new listings), the primary reason the supply has grown is because homes are staying on the market a bit longer (known as active listings).

That’s happening because higher mortgage rates and home prices have helped moderate the peak frenzy of buyer demand, which has slowed down the pace of sales. And, as the pace of sales has eased, inventory has grown as a result.

The graph below uses data from realtor.com to show that it’s active listings, not new listings, that have driven the growth we’ve seen over the past few months:

What Buyers Need To Know About the Inventory of Homes Available for Sale | Simplifying The Market

And while overall inventory gains may slow down this winter due to typical housing market seasonality, you still have a chance to capitalize on the current supply.

What This Means for Your Home Search

Regardless of the source, the increase in available housing supply is good for buyers. More homes available for sale means you have more options to choose from as you search for your next home, and you may even have more time to consider them.

So, if you tried to buy a home last year and lost out in a bidding war or just couldn’t find something you liked, this may be the news you’ve been waiting for. If you start your search today, those additional options should make it less difficult to find a home you love, especially as some other buyers pause their search this holiday season.

Just remember, housing supply is still low overall, so it won’t suddenly be easy – it’ll just be less challenging than it was at this time last year. As a recent article from realtor.com says:

“Despite this improvement in the number of homes actively for sale, active listings still lag their pre-pandemic levels.”

The increase in housing supply helps put you in a great position to kick off the new year in your dream home. And who better to help you find it than a trusted, local real estate professional?

Bottom Line

If you’re ready to jump into the housing market and see what’s available in our local area, let’s connect.

Related Articles

Loading...

May 9, 2025

Why You’ll Want a Home Inspection

May 8, 2025

Housing Market Forecasts for the Second Half of the Year

May 7, 2025

Why Some Homes Sell Faster Than Others

May 6, 2025

Stocks May Be Volatile, but Home Values Aren’t

1 2 … 241 Next »
Search

© 2001-2023 TheMLSonline.com | All rights reserved | Equal Housing Opportunity

TheMLSonline.com is a member of RMLS, but is not a multiple listing service. Members of NAR®, MAAR®, and RMLS of MN®

Members of:
© 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than TheMLSonline.com are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. TheMLSonline is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of TheMLSonline, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information is deemed reliable but is not guaranteed.

TheMLSonline.com, Inc. offers a top real estate team with the ability to help you find the perfect luxury home, or to sell your house fast at the price you want serving the Minneapolis Area including communities: Plymouth | Maple Grove | Blaine | Andover | Minneapolis | St Paul | Champlin | Coon Rapids | Ramsey | Anoka | Ham Lake | Brooklyn Park | Minnetonka | Spring Lake Park | Rogers | Otsego | Elk River | Brooklyn Center | Golden Valley | Wayzata | Albertville | Orono | Robbinsdale | Crystal | Fridley

Facebook-f Twitter Linkedin Youtube
© 2001-2022 TheMLSonline.com | All rights reserved