Over 1 Million Homes Are For Sale. Can You Still Spot a Deal?
For the First Time Since 2019, Active Listings Top 1 Million
The housing market has hit a major milestone. For the first time since winter 2019, there are over 1 million homes for sale nationwide, according to a recent report. This surge in inventory signals a significant shift in the market landscape.
More Choices Mean Less Frenzy for Buyers
What does this mean for buyers? More choice and less pressure. After years of a “submit your offer in 24 hours or lose out” frenzy, a bigger menu of homes means buyers are finally regaining leverage. While all major metro areas saw listings increase, only 22 (all in the South and West) are fully back to pre-pandemic inventory levels.
A Looser Market Makes for Trickier Comps
With more homes on the market, guessing the right price becomes a more nuanced skill. A looser market means trickier comps and a greater challenge in determining fair value without the frenzy of bidding wars to guide the way.
Test Your Knowledge of this New Million-Listing Marketplace
This is the perfect environment to test your real estate knowledge and instincts. PropQwiz is a 3-minute property pricing game where you best guess can win a life-changing prize. Prove your price radar is on point and chase the $350,000 prize.
Think you can guess a home price better than the rest? If you’ve got 3 minutes then fire up PropQwiz and test your skills!
