The United States has been dealing with record-low inventory for years, driving up competition and home prices. But it looks like that trend is finally starting to shift, which means good news for buyers in 2019.
According to a recent report from Zillow, the number of homes on the market in the US rose by 0.4% in November 2018. This was the third month in a row the US market has shown inventory increases—the first positive streak for buyers since available inventory began its historic plummet nearly four years ago.
The Takeaway
If you've been thinking about buying a home, this is great news. While there's still a lot of work to be done to keep up with demand, more available inventory means less competition and lower prices—which will make purchasing a home in 2019 an easier (and less expensive!) experience.
