April 2024 Inventory Surge - Tom's Take 374

April inventory and active listings surged by over 30% across the U.S. from 2023 to 2024, indicating a significant increase in available homes. 📈 In April 2023, there were 562,966 new and active listings, compared to 734,318 in April 2024, nearing pre-pandemic levels. This rise benefits both sellers and buyers, offering more options and potential deals. 🏡 In Pennsylvania, we've seen a 6.7% increase year over year. ➡️ This means more choices for buyers who may have felt limited before. Sellers should keep an eye on inventory trends to strategize effectively. With stable interest rates, serious buyers are active, but sellers should be mindful of increasing competition. It's essential to adapt to changing market dynamics and consult with professionals to make informed decisions. ✅ Schedule a call with our team to discuss how these trends could impact your real estate plans. 📲https://calendly.com/tomtoole More videos like this youtube.com/tomtoole3rd