Inventory has been, without a doubt, the biggest player in the anything but ordinary real estate market we’ve experienced in the last two years.
With buyer fatigue running high, you’re probably getting asked, “Will housing inventory increase in 2022?”
The good news is, there are many factors that lead industry experts to anticipate a rise in homes for sale.
Of homeowners planning to enter the market in the next year:
- 65% – Have just listed (19%) or plan to list this winter
- 93% – Have already taken steps toward listing their home, including working with an agent (28%)
- 36% – Have researched the value of their home and others in their neighborhood
The other big factor playing into a possible rise in inventory is the large amount of equity accumulated nationwide in 2021. According to experts, homeowners gained an average of $56,700 in equity in the past 12 months, a big incentive for sellers to list this winter.
While more inventory may take a bit of the edge off of today’s competitive market, it’s important to remind your clients that it doesn’t mean prices will fall or homes will become more affordable. There will just be more available to choose from.