This is a YouTube video titled "🏡 Housing Inventory is Increasing 📈" containing a market update on housing inventory trends as of July 2021. The speaker discusses changes in home listings compared to the previous year and recent months, highlighting improvements in market conditions and bidding activity. The content is a single-speaker market commentary without conversational elements.
This week in the housing market, There are currently 403,000 homes listed for sale. Now, if we compare that to the same week last year where there were 640,000 homes listed, where the decrease of 39% in inventory. But compare that to the lows of this April, we're actually up 31%. So trending in the right direction, sellers listing their homes more, builders are getting a little bit more caught up. And this has started to help with the bidding more. On average, in April, it took five offers to get your final offer accepted. Now that's down to two or three. So something to keep in mind if you've been holding off.
