Beyond the Listing: 2625 Hennessy Dr, Rapid City, SDTour 2625 Hennessy Dr Rapid City SD, a 2024-built, one-level townhouse with three bedrooms, a fenced yard, and two-car garage.Looking for a newer
The Number of Homes for Sale Is Increasing
Dated: May 16 2024
Views: 153
The Number of Homes for Sale Is Increasing
There’s no denying the last couple of years have been tough for anyone trying to buy a home because there haven’t been enough houses to go around. But things are starting to look up.
There are more homes up for grabs this year. The graph below uses the latest data from Realtor.com to show in April 2024 there were more homes for sale than there were over the last few years (2021-2023):
As Realtor.com explains:
“There were 30.4% more homes actively for sale on a typical day in April compared with the same time in 2023, marking the sixth consecutive month of annual inventory growth.”
But does this growing inventory make house hunting easier? Yes and no.
Using the latest weekly data from Calculated Risk, the graph below shows, that even with the growth lately, there are still way fewer homes for sale than there were in the last normal year in the housing market:
What Does This Mean for You?
If you’ve been looking to buy but put your plans on hold because you just couldn’t find what you were searching for, you might see more options now than you did over the past few years – but don't expect a huge selection.
To check out your growing options, it's a good idea to work with a local real estate agent you trust. Real estate is all about location. And an agent can help you get the scoop on the homes available in the area you're interested in. Bankrate explains:
“In today’s homebuying market, it’s more important than ever to find a real estate agent who really knows your local area — down to your specific neighborhood — and can help you successfully navigate its unique quirks.”
Bottom Line
Let's team up so you have someone who can keep you in the loop on everything that might impact your move, like how many homes are up for sale right now.
Ashley Handcock
Ashley Handcock is a REALTOR® with RE/MAX Advantage in Rapid City, South Dakota. Born and raised in the Black Hills, she brings deep local knowledge and a relationship-first approach to helping buyer....
Latest Blog Posts
I found this really great article from RE/MAX and wanted to share it because it has so much good information to know. Whether you are a homeowner or hoping to buy a home one day - please save this
When searching for homes for sale in Summerset, SD, buyers are looking for more than beautiful finishes and updated interiors—they're looking for a home that complements the way they want to
New Windows - Are They Worth it?We have an older home and the windows were quite old as well. Several of them would not even open and they definitely let cold air in during the winter. After being
Black Hills Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of Realtors. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor REMAX Advantage shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
