If the current inventory is any indicator, 2022 could be just as competitive as last year. According to Barron’s “The supply of single-family housing was at historical lows entering the pandemic and remains so. In January 2020, the inventory of both existing and new homes for sale stood at 1.6 million homes. By comparison, the peak in homes available for sale was 3.9 million homes in summer 2007. Since then, the U.S. population has grown by 31 million. Inventory currently totals 1.5 million. New home construction, while picking up, is being slowed by material and labor shortages.” (fb)

If the current inventory is any indicator, 2022 could be just as competitive as last year. According to Barron’s “The supply of single-family housing was at historical lows entering the pandemic and remains so. In January 2020, the inventory of both existing and new homes for sale stood at 1.6 million homes. By comparison, the peak in homes available for sale was 3.9 million homes in summer 2007. Since then, the U.S. population has grown by 31 million. Inventory currently totals 1.5 million. New home construction, while picking up, is being slowed by material and labor shortages.” (fb)