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How Inventory Affects Home Values

Monday, September 19, 2022   /   by Nick Waldner

How Inventory Affects Home Values


Here’s what you need to know about our country’s total home sales.

Instead of answering the usual “how is the market?” question, we’ll switch things up by covering the number of home sales and how that affects the value of your home in today’s market. 

In 2021, there were 6.1 million home sales across the country. The most houses sold since 2006. In 2022, we’ll likely have 5.1 million homes in the U.S. That is a decline from last year, but the number is still in line with where it should be year after year. 

However, when you determine the value of your home, you can’t do it by just looking at the national level. You have to be more local and understand the market in your county, zip code, or subdivision. 

If you want us to review your home and find out how it compares to the other 5.1 million properties on the market, or if you have any real estate concerns, call or email us. We’re here to help!