Monthly Housing Market Report Nov. 2021

Dated: December 8 2021

Views: 62®’s November housing data release reveals that the number of homes for sale continues to be limiting both buyers and sellers.

This past month, the rate of decline in inventory increased, newly listed homes failed to materialize in sufficient numbers, and homes spent increasingly less time on the market compared to previous years.

Currently 1 in 4 homeowners choosing not to sell are saying it’s because they can’t find a home in their price range. There is potential for improvement on the horizon, however. Listing price growth has remained stable for the past four months, more homeowners are planning to sell in the next 6 months, and single-family home construction continues at higher rates than recent history.

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Kenneth Manesse

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