Texas Housing SupplyDec 22, 2022
Are you tuned in to the latest news on housing supply?
According to the NAR, the supply of homes for sales has grown significantly from where we started back in January of this year.
2 reasons for this growth:
- Homeowners listing their homes for sale
- Homes staying on the market a bit longer as buyer demand has cooled down in response to higher mortgage rates.
The good news? More inventory means more homes for homebuyers to choose from with more opportunity for negotiation power.
Less competition and more homes on the market could give them the best opportunity to get into a home they love! Share this post with potential buyers that are on the fence about buying a home or send us a DM - we'd love to help out!
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