Part 3: Is The Housing Market Better Off Than 4 Years Ago?

Vacancies and inventory are getting back to normal.

Four years ago there were too many vacant homes and too much inventory due to the surplus of new homes that were built but not sold during the bubble and the lack of buyers during the recession. Since 2009, this abundance of available, vacant homes has been absorbed, as fewer newly constructed homes have come onto the market in 2009-2012 and fewer bank owned are waiting to be sold. The inventory of homes for sale has fallen by 38% from January 2009 to October 2012, according to Housing Tracker, which is a return to normal levels. And the National Association of Realtors reports that the “months of supply” of existing homes fell from 9.5 in January 2009 to 5.9 in September 2012 – with 6 considered normal. Vacancies, too, are much closer to normal.

Serving Anderson SC Real Estate, Clemson Real Estate, Lake Hartwell Real Estate,

Nancy Lamar, REALTOR
Fine Home Specialist
www.CallNancyLamar.com