Housing Sales Up 2.2% While Inventory Shrinks

housing inventory

The latest market data reveals important trends shaping today’s real estate environment:

Existing-Home Sales See Growth

  • According to the National Association of Realtors (NAR), existing-home sales rose 2.2% month-over-month in December and surged 9.3% year-over-year, showing strong buyer demand even amid elevated mortgage rates.

Inventory Drops Further

  • NAR also reported that total housing inventory decreased 13.5% month-over-month, leaving only 3.3 months’ supply at the current sales pace.

Unemployment Rate Declines

  • Data from the U.S. Department of Labor shows that the national unemployment rate fell to 4.1% in December, reflecting a stronger labor market and improved financial stability.

What This Means for You

  • Buyers: With rising sales and fewer homes available, competition is fierce. Getting pre-qualified will give you the edge you need to act quickly when you find the right home.

  • Sellers: With inventory at historic lows, this could be a great time to list your house. Strong demand often leads to competitive offers and favorable terms.
If you’re ready to explore your options or have any questions about the market, feel free to reach out—I’m here to help!

 

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Lindsey Huntington

Lindsey Huntington, MBA, brings a unique blend of expertise and dedication to the realm of real estate as the Managing Broker at Allphase Realty. Graduating with honors from New Smyrna Beach High School in 2000, Lindsey pursued her passion for real estate and finance, earning her Bachelor's degree from Saint Leo University and swiftly advancing to attain her Master of Business Administration from the University of Central Florida. Since 2009, she has been fully immersed in the real estate industry, weathering the challenges of market crashes and leveraging her extensive knowledge to excel in the field. What sets Lindsey apart is her commitment to her clients. She prides herself on employing her wealth of knowledge and experience to guide and support individuals through their real estate endeavors. Her mission is clear: to provide a seamless and refined experience in buying and selling properties. With an emphasis on integrity, honesty, and exceptional service, Lindsey aims not only to navigate the highs and lows of real estate transactions but also to build enduring relationships with her clients while serving her community, as your Volusia County Guide. As Lindsey says, "Come aboard for a smooth SALE!" - a promise she wholeheartedly delivers on.

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