Home inventories across the U.S.A. continue to trend lower and lower in numbers. A report by realtor.com says the current U.S. supply of homes on the market is at it’s lowest level since they began tracking the data in 2012.
This means that home prices are up across the country as well. In January the national median listing price was up 3.4% from last year at $300,000.
The housing market can be tricky to navigate, and the study notes fewer homes being added to the market.
“Homebuyers took advantage of low mortgage rates and stable listing prices to drive sales higher at the end of 2019, further depleting the already limited inventory of homes for sale. With fewer homes coming up for sale, we’ve hit another new low of for sale-listings in January,” according to Danielle Hale, realtor.com’s chief economist. “This is a challenging sign for the large numbers of Millennial and Gen Z buyers coming into the housing market this homebuying season as it implies the potential for rising prices and fast-selling homes—a competitive market.”
Colorado made the list with the Denver, Aurora, Lakewood Metro Area’s reporting an active listing count down 29%, and a median listing price of $532,000.
In Pagosa Springs, Colorado, home inventories currently are in line with the national trend.
Our Brokerage firm has friendly knowledgeable agents, and Southwest Colorado realty experience spanning decades. In Pagosa Springs, Colorado, count on Pagosa Brokers Real Estate. We’d be happy to help guide you through the stages of home buying and selling!
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