Housing Supply Is Rising. What Does That Mean for You? | MyKCM



An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges:

“It looks like inventory may have hit a bottom (we’ve seen this in the higher frequency data as well). Unsold inventory in May was at 2.5 months supply, up from 2.4.”

To put it into perspective, the graph below shows levels of inventory rising since the beginning of the year:We’re still not close to a balanced market, which would be a 6 months’ supply of homes for sale. However, we are seeing a slow but steady increase in homes coming up for…

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243 Blue Bell Cir, Brookings, SD

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6 BEDROOMS | 3 full baths BATHROOMS | 2846 SqFt

You'll have so much space in this beautiful 6 bedroom, 3 bathroom ranch style home with over 2800 finished square feet of living space. It has a spacious lot that is absolutely wonderful for entertaining. Stamped concrete, pergola, cement curbing, composite covered deck, and many perennials. Don't forget the 8 x 10 shed, concrete 10 x 27 pad, all located on a quiet cul-de-sac. Kitchen features include granite countertops, tiled backsplash, gas stove, and walk-in pantry. Not only does it have 6 bedrooms,…

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Experts Agree: Options Are Improving for Buyers [INFOGRAPHIC] | MyKCM



Some Highlights

  • Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree – new sellers listing their homes is great news for buyers and the overall market.
  • Although the supply increases are modest, more homes means more options for buyers. A rise in inventory may also help slow the price gains we’ve seen recently and could be a sign of good things to come.
  • If you’re searching for a home, rising inventory is welcome news. Let’s connect today to discuss new listings in our area.

THINKING OF SELLING AND/OR MOVING TO BROOKINGS, VOLGA, OR ANY SURROUNDING AREAS? GOT QUESTIONS? I’M HERE TO HELP! VISIT BROOKINGSHOMETEAM.COM FOR MORE DETAILS!

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