{"id":19475,"date":"2021-10-04T14:14:22","date_gmt":"2021-10-04T14:14:22","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=19475"},"modified":"2021-10-04T14:14:22","modified_gmt":"2021-10-04T14:14:22","slug":"inventory-hits-2021-high-competition-remains-fierce","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/inventory-hits-2021-high-competition-remains-fierce\/","title":{"rendered":"Inventory Hits 2021 High, Competition Remains Fierce"},"content":{"rendered":"

Inventory Hits 2021 High, Competition Remains Fierce<\/h1>\n

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Home buyers are finding more housing selections this fall, but they’re still up against some serious competition. Nearly one-third of the 50 largest metros saw increases in the number of newly listed homes compared to last year, according to a new report from realtor.com\u00ae.<\/p>\n

\u201cThis September, buyers had more options than they\u2019ve had all year and while that\u2019s typical of early fall, that\u2019s not what happened in 2020,\u201d says Danielle Hale, realtor.com\u00ae\u2019s chief economist. \u201cStill, it\u2019s important to remember that while buyers may have an easier time this fall than they did in the spring, the market remains more competitive than it has been historically at this time of year.\u201d<\/p>\n

There are still fewer homes for sale than a year ago, and less than half as many two years ago before the pandemic, Hale says. Homes are also still selling faster than in 2020 too.<\/p>\n

The U.S. median home price continued to hold at August\u2019s near record-high of $380,000. List prices are up 20.6% compared to pre-pandemic levels in 2019, realtor.com\u00ae notes. The top five markets with the highest price growth rate are in Austin, Texas (+33.6%); Las Vegas (+24.6%); Tampa, Fla. (+20.8%); Orlando (+16.9%); and Riverside, Calif. (+15.4%).<\/p>\n

Some areas of the country are seeing more new listings added to the market than others.\u00a0New listings have grown\u00a0the most in competitive markets like Austin, Texas; Portland, Ore.; Jacksonville, Fla.; and Washington, D.C.\u2014all with inventories up more than 10% year-over-year.<\/p>\n

Meanwhile, the areas with some of the largest drops in newly listed homes in September tend to be in places that were affected by Hurricane Ida, including the Northeast (down 5.4%) and South (down 3.2%). New listings declined the most in the\u00a0hard-hit area of\u00a0like New Orleans, down 51.2%, according to realtor.com\u00ae.<\/p>\n

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realtor.com\u00ae<\/a><\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Inventory Hits 2021 High, Competition Remains Fierce   Home buyers are finding more housing selections this fall, but they’re still up against some serious competition. Nearly one-third of the 50 largest metros saw increases in the number of newly listed homes compared to last year, according to a new report from realtor.com\u00ae. \u201cThis September, buyers … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-19475","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nInventory Hits 2021 High, Competition Remains Fierce - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/inventory-hits-2021-high-competition-remains-fierce\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/inventory-hits-2021-high-competition-remains-fierce\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/inventory-hits-2021-high-competition-remains-fierce\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Inventory Hits 2021 High, Competition Remains Fierce\",\"datePublished\":\"2021-10-04T14:14:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/inventory-hits-2021-high-competition-remains-fierce\\\/\"},\"wordCount\":317,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/inventory-hits-2021-high-competition-remains-fierce\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/9.30.2021_inventory_1.png?itok=KUwjTWfc\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/inventory-hits-2021-high-competition-remains-fierce\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/inventory-hits-2021-high-competition-remains-fierce\\\/\",\"name\":\"Inventory Hits 2021 High, Competition Remains Fierce - 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