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Recently, the housing market in the U.S has been experiencing a total boom. In many markets, it has been a total seller’s market. However, there was a new influx of new listings in June, which was a great turn of events.
The housing market in the U.S has had a very short supply of homes since before the pandemic. Therefore, this new influx is great news. The number of new listings rose by 5.5% in June compared to last year. From May, it rose 10.9%. Although more listings are not the only factor needed to end the shortage, this is a good step.
Strong demand has increased housing prices to record highs, but additional inventory is good news for buyers. Having new listings helps the overall market, and gives buyers more options.
The housing market in the U.S is still tight. In fact, the inventory was down 43% in May compared to last year. However, thanks to the new listings, the overall annual drop was way smaller than in March, April, and May.
Are you looking to sell your house in Florida?
AMG International Realty is a global real estate firm specializing in Florida. If you are you looking to buy, rent, or sell in Miami we are here to guide you through every step of the way. From mortgage applications, to finding your dream home and closing the deal.
If you are a seller, now might be a fantastic time to list your home. Contact us today to find out how we’ll market your property to make sure it sells for the best price possible!
Chat with me on WhatsApp: +1 (305) 318 6968 (Heloisa Arazi).