July 2021 Real Estate News
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This month’s July 2021 Real Estate News gives sellers guidance on evaluating multiple offers, decding whether a home warranty is a good value and a look at the continued strong housing demand with low inventory. Also, learn ways to go green in the kitchen and get tips on designing the outdoor living space of your dreams. All of this and more in the July 2021 Real Estate News.
Housing Demand Is Strong but Fewer Homes Are for Sale
The housing shortage continued into April because inventory levels, a metric the National Association of Realtors (NAR) has been tracking since 1982, were near record lows. At the end of April, there were 1.16 million units available for sale, a 10.5% increase from a month ago but a 20.5% decrease from a year ago.
At the current sales pace, unsold inventory would supply the market for only 2.4 months, up from the 2.1-month supply in March but down from the 4.0-month supply in April 2020.
July 2021 Real Estate News
Thank You and Have a Great Day
Marina Jacobson
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