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Are There More Homes for Sale Where You Live?
Dated: August 12 2024
Views: 288
One of the biggest bright spots in today’s Florida housing market is how much the supply of homes for sale has grown since the beginning of this year.
Recent data from Realtor.com shows that nationally, 36.6% more homes are actively for sale now than last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining some negotiation power. So, if you’ve considered buying a home over the last few years but were discouraged by the limited inventory, this should be welcome news.
As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:
“Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.”
But just so you have perspective, even though inventory has grown, that doesn’t mean we’ve suddenly flipped to an oversupply of homes on the market. There are nowhere near enough homes for sale to make prices crash. If you compare today’s inventory levels to more normal, pre-pandemic numbers (2017–2019), there are still roughly 29% fewer homes actively for sale now (see graph below):
So, while we’re up by almost 37% year-over-year, we’re still not back to how much inventory there’d be in a normal market.
As Bill McBride, Housing Analyst for Calculated Risk, explains:
“ . . . currently inventory is increasing year-over-year but is still well below pre-pandemic levels.”
But that’s okay. It’s to be expected. As a country, returning to the typical level of homes for sale will take a while. And the good news for buyers is that it’s closer to becoming a reality in some select markets.
Here’s a rundown of what today’s inventory growth looks like by region (see graph below):
Real estate will always be hyper-local. If you want to find out what inventory numbers look like where you live, contact a local agent. They’ll be able to tell you what they’re seeing and how it stacks up to the national market. You may find you have even more opportunity to move where you are.
Bottom Line
The supply of homes across the country is improving in a big way, As a buyer, that gives you more options for your home search and, ultimately, a better chance of finding what you like.
So, what are you looking for in a home? And what’s your budget? Let’s review that together to find the options that may be right for you.
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The information contained and the opinions expressed in this article are not intended to be construed as investment advice. Robert Paul, P.A., does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decisions. Robert Paul, P.A., will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Robert Paul, PA
"I'm here to empower YOU to make confident and impactful decisions." Serving both buyers and sellers, I specialize in assisting those relocating to the Sarasota area or those seeking a second home in ....
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 20, 2026 9:30 PM UTC
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