If you are looking to buy a home you have options. There are currently more homes for sale around the US than there was at this time in 2022. On the down side, the number of homes for sale are still below those before the start of COVID. This, though, is good news for sellers. This is a great time to list a home for sale because the numbers are still low.
In January 2023, there were approximately 248,000 more homes on the market than in the same time a year before or just under 626,000 homes on the market. While this number is an improvement, it is still below the 1,100,000+ homes that were available for sale in January 2019.
The lack of available homes and the high mortgage rates led some homebuyers to stop looking. Now that mortgage rates are lower than the fall peak, some of these homebuyers are back searching for a house.
If you are looking to sell or buy a home, make sure to contact one of our agents here at Novella Realty. Call 440-624-4032 to speak and agent today!
Read the Original Article Here: Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years