According the National Association of Realtors, the number of existing single-family homes for sale has been tracked nationally since July of 1982, for nearly four decades.
The total number of existing homes for sale peaked in July of 2007 at $3,400,000. However, as of December of 2019, that number has fallen to an all-time low with only 1,220,000 homes for sale in the United States.
During that same time period, the median home price in 2007 was $208,000, and as of December 2019, that average median home price was up to $272,000.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.