Home Prices Remain High Due to Tight Inventory and High Demand [Infographic]

November 23, 2021

October 2021 Housing Market Report

Highlights

  • The October U.S. housing market remains active and improving overall. However, home prices remain high due to tight inventory and high demand.
  • Since many sellers are also hopeful homebuyers, the low supply of available homes for sale makes the decision to sell more difficult.
  • Experts hope that increased construction will help ease the home supply demand in the coming year; otherwise, it will be challenging for the housing market to climb out of this pattern.
Posted in Real Estate