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Realtor.com Reports Weekly Active Inventory Down 2.4% YoY; New Listings Down 3.2% YoY
Key Points
- Weekly housing trends reported by Realtor.com
- Active inventory down 2.4% year-over-year (YoY)
- New listings down 3.2% YoY
- Decreased housing inventory impacting home buyers and sellers
What Does This Mean for Buyers and Sellers?
With the recent report from Realtor.com showing a decrease in active inventory and new listings, it’s important for both home buyers and sellers to understand how this affects the real estate market. A decrease in inventory means fewer homes for sale, leading to increased competition among buyers and potentially higher home prices. On the other hand, sellers may benefit from the increased demand for their homes, as there are fewer options available for buyers.
According to a Kansas City Realtor, “It’s crucial for buyers to be prepared to act quickly and have their finances in order when searching for a home in a competitive market. At the same time, sellers should take advantage of the current market conditions by pricing their homes competitively and being prepared to negotiate offers.”
Our Hot Take
In this ever-changing real estate market, it’s more important than ever to stay informed and work with a knowledgeable Realtor who can help navigate the challenges of buying or selling a home. With the current decrease in inventory, buyers should be prepared to act quickly and make competitive offers, while sellers can capitalize on the increased demand for homes.
Whether you’re looking to buy a home or sell your home, it’s important to stay updated on market trends and work with a professional who can guide you through the process. Reach out to a local Kansas City Realtor today to discuss your real estate needs and find the perfect home or sell your current one for the best possible price.
Orginal article: Link To Article – provided by Kansas City Realtors
