Here's Why We Could See an Uptick in Home Listings This Year
There's a reason homebuyers have had such a difficult time navigating the housing market this year: Housing inventory has been down in a very big way, and that's led to a host of unfavorable conditions, from ultra-high listing prices to bidding wars.
In May, there were just 1.16 million unsold existing homes on the market, according to the National Association of Realtors. That amounts to a 2.6-month supply at the current monthly sales pace. But it generally takes a minimum of a four-month supply to create an equalized housing market, so until listings pick up, sellers will continue to have the upper hand.
But home listings could pick up during the latter part of 2022. And if that happens, buyers will benefit in more ways than one.
Source Fool.com
