After a long and challenging year created by the pandemic, many potential home buyers are wondering if the available residential real estate inventory will increase as the pandemic subsides, or will it continue to decrease as it did this past year.
According to an article on CalculatedRiskblog.com “As of April 16th, inventory was at 312 thousand (7 day average), compared to 749 thousand the same week a year ago. That is a decline of 58%.
A week ago, inventory was at 307 thousand, and was down 59% YoY. Seasonally, inventory might have bottomed.”
Their article provides a graph of inventory since 2018 which is a great visual of the steep decline in inventory during 2021. Read the article and view the graph here: Housing Inventory April 19th Update: A Slight Increase from Record Low.
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