Inventory In The US Climbs For Third Month In A Row

Dated: 01/31/2019

Views: 7

The United States has been dealing with record-low inventory for years, driving up competition and home prices. But it looks like that trend is finally starting to shift, which means good news for buyers in 2019.

According to a recent report from Zillow, the number of homes on the market in the US rose by 0.4% in November 2018. This was the third month in a row the US market has shown inventory increases—the first positive streak for buyers since available inventory began its historic plummet nearly four years ago.

The Takeaway

If you've been thinking about buying a home, this is great news. While there's still a lot of work to be done to keep up with demand, more available inventory means less competition and lower prices—which will make purchasing a home in 2019 an easier (and less expensive!) experience.

Blog author image

Edward Meloni

Edward is a Massachusetts native with an extensive background in the entertainment and convention services industries, where he honed his skills in promotion, production and performance. That path led....

Latest Blog Posts

3 Things Real Estate Apps Usually Get Wrong

Listing sites like Zillow, Trulia, Redfin, and Craigslist have become the go-to source for many buyers and sellers (particularly people attempting to buy or sell property on their own) to get

Read More

10 Things You Shouldn't Say To A Real Estate Agent

Let’s be clear on one thing: by nature, real estate agents are not fragile beings. We've heard it all. And for the most part, we have a great sense of humor about things. In other words, you

Read More

Condos v. Single Family Homes – Which is Truly Right for Your Lifestyle?

Everybody knows the statistics. Most, but not all, people want to live in single family homes. Condos and townhouses are for "the newlywed and nearly dead." But if all other things are equal, such

Read More

All Generations Believe Renting Is More Affordable Than Owning—Even Though It’s Not True

According to new research from lender Freddie Mac, every generation—from millennials to Gen Xers to Baby Boomers—are continuing to rent because they think it's saving them money.

Read More