Housing Inventory Remains Low Nationwide

By
Real Estate Broker/Owner with Sandpoint Realty LLC DB36113

Housing inventories were at record lows in 2020.  NAR shows us that 2021 has dipped below even those numbers, creating a national average of 2.6 months to be on market.  Far below the 6 months that is considered equal status for both home buyers and sellers.

Sandpoint Realty LLC - 2021 Housing Inventory

There will be niche's that show much lower inventory levels, such as Sandpoint North Idaho.  Do not mistake the low inventory for homes not being sold!  Transactions are up but the difference being there is not a large number of homes to view at any one time.  

 

Sandpoint Realty LLC - Sandpoint Chamber Sign

 

The importance of a REALTOR® who is familiar with the area, your needs, a full time professional comfortable with the process, and willing to be patient on your behalf is vital to being successful in your home search.

 

'Experience the Difference' in working with a full time professional REALTOR®.  Your wants and needs will always be my priorities.  

 

Mark Don McInnes

Broker - REALTOR®

208 255-6227

SandpointNorthIdaho.com - North Idaho Home & Land Searches

 

Sandpoint Realty LLC

1205 Highway 2

Sandpoint, Idaho 83864

Posted by

Mark Don McInnes

208 255-6227

"Experience the Difference' working with a full time professional Realtor®

Mark Don McInnes - Sandpoint Realty LLC

 

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All images and content property of Mark Don McInnes and only to be used/copied with prior written permission.

Comments (6)

Kristin Johnston - REALTOR®
RE/MAX Realty Center 262-567-2455 - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your week ahead!

Oct 18, 2021 06:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good moring, Mark... and that's why we need to understand how local real estate is... our months supply in the Charlotte region is under one month at 0.8 months with some areas even lower than that.

Oct 18, 2021 07:02 AM
Mark Don McInnes, Sandpoint-Idaho

Nina, our MLS gives data that is askew.  They include on market time with the escrow.  As we know this is a crazy market right now and even during semi normal times escrow can be 30 to 45 days.  So with our MLS showing 60 plus days it truly is not accurate to when a home comes on market to accepted offer.  Like yours of less than 1 month.  Make it a productive week ahead Nina.  Mark

Oct 18, 2021 07:21 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Well said Mark Don McInnes, Sandpoint-Idaho . I especially like the emphisis on "full-time" Realtor. I've never understood anyone wanting/willing to work with someone who's whole heart is not into meeting my needs.

Oct 18, 2021 07:03 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Mark it is also very low around here.  It would be nice to see it increase a little so we can keep sales going.

Oct 18, 2021 03:12 PM
Mark Don McInnes, Sandpoint-Idaho

George it is definitely a scramble right now.  m

Oct 18, 2021 03:27 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is a good report to share.

Take care, be safe and have an outstanding day.

Oct 19, 2021 04:58 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Mark, we are still way down over years past, a stable market we would have around 8,000 listings, and this morning we had 3291 total.   

Oct 20, 2021 08:40 AM