Has housing inventory actually increased recently?

Yes, national data shows inventory grew just over 5% month-over-month in many parts of the country as of October 2023. However, this increase is still modest compared to pre-pandemic levels (2017–2019), when markets were more balanced.

Does rising inventory mean the tight housing market is over?

No. While inventory has ticked up slightly, there are still significantly fewer homes for sale than in a normal market. As one analyst noted, October's increase is "still just a drop in the bucket" compared to pre-pandemic supply levels.

What should buyers know about inventory levels right now?

Buyers may have slightly more options than in recent months, but low inventory persists. Working with a trusted agent who understands your local market is essential to navigating current conditions and developing effective strategies.

If inventory is rising, have I missed my window to sell quickly?

No. Overall inventory remains low nationally and may be even lower in your specific area, meaning sellers still have favorable conditions for multiple offers and quick sales. Real estate is hyper-local, so your individual market matters most.

Are There Actually More Homes for Sale Right Now?

By Anne-Britt OstlundNovember 15, 20233 min read

Selling Your Home

If you’re looking to make a move, you want to be sure you have the latest information on the housing market. To help make that possible, here’s an update on the supply of homes for sale today. Whether you’re looking to buy or sell, the number of homes available in your local market matters to you. Take a look below.

What’s the Truth About Today’s Housing Inventory?

While the story for the past few years has been how few homes are on the market, recent national data may leave you feeling a bit confused. That’s because Realtor.com shows inventory is actually growing a bit month-over-month in many parts of the country (see the blue states in the map below):

As the map shows, nationally, housing supply increased just over 5% last month.

Does That Mean the Days of Limited Inventory Are Over?

That might make you wonder: are the days of tight housing supply behind us? The short answer is no. Context is important. While you may see headlines saying inventory is up, data also shows there are still significantly fewer homes for sale than there would usually be in a more normal market.

The graph below compares the latest active listing counts (homes currently available for sale) with the most recent normal years in the housing market (2017-2019):

As Lance Lambert, Founder, ResiClub Analytics, explains:

“Housing market inventory is so far below pre-pandemic levels that October’s big jump is still just a drop in the bucket.”

What does that mean for you? Remember, real estate is hyper-local. Partnering with a trusted real estate agent will help you gain a better understanding of the inventory situation in your specific market.

If you’re looking to buy, you may have slightly more options than you did in recent months, but you still need to brace for low inventory. A great agent will be able to share their expertise and key strategies that have helped other buyers navigate today’s ongoing low housing supply.

And, if you’re trying to sell, rest assured you haven’t missed your window of opportunity to potentially get multiple offers or see your house sell quickly. While inventory has ticked up some nationally, overall, it’s still low and may be down even more in your area.

Bottom Line

In conclusion, navigating the Telluride real estate market requires a keen understanding of the latest trends and dynamics. Whether you're in the market for a single-family luxury home or an attached property, being informed is key to making sound decisions. At Mountain Rose Realty, we take pride in keeping our clients well-informed and empowered throughout their real estate journey.

With a diverse portfolio of homes for sale in Telluride, we understand the unique nuances of this market. As your trusted partner, Anne-Britt Ostlund and the entire team at Mountain Rose Realty are committed to providing you with unparalleled service and expertise. Our goal is to ensure that you not only find the perfect property but also make a well-informed investment.

If you're considering buying or selling a home in Telluride, don't navigate this journey alone. Connect with Mountain Rose Realty, where personalized service meets unmatched local knowledge. Explore the opportunities in the Telluride real estate market and discover your dream home today. For the latest listings and expert guidance, trust Mountain Rose Realty – your gateway to Telluride homes for sale and a seamless real estate experience in Telluride, CO.

Frequently Asked Questions

Has housing inventory actually increased recently?: Yes, national data shows inventory grew just over 5% month-over-month in many parts of the country as of October 2023. However, this increase is still modest compared to pre-pandemic levels (2017–2019), when markets were more balanced.
Does rising inventory mean the tight housing market is over?: No. While inventory has ticked up slightly, there are still significantly fewer homes for sale than in a normal market. As one analyst noted, October's increase is "still just a drop in the bucket" compared to pre-pandemic supply levels.
What should buyers know about inventory levels right now?: Buyers may have slightly more options than in recent months, but low inventory persists. Working with a trusted agent who understands your local market is essential to navigating current conditions and developing effective strategies.
If inventory is rising, have I missed my window to sell quickly?: No. Overall inventory remains low nationally and may be even lower in your specific area, meaning sellers still have favorable conditions for multiple offers and quick sales. Real estate is hyper-local, so your individual market matters most.