National Data

The Strongest Seller's Market We've Ever Seen [New Video]

By Mike Simonsen on August 24, 2020

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Mike Simonsen

Mike Simonsen is the founder and president of real estate analytics firm Altos Research, which has provided national and local real estate data to financial institutions, real estate professionals, and investors across the country for more than 15 years. An expert trendspotter, Mike uses Altos data to identify market shifts months before they hit the headlines.

With 73,000 new listings hitting the market this week and more than 80,000 transactions, total inventory is now under 600,000 for the first time ever. For comparison, in 2016 we had 1.1 million homes for sale at this time. This record-low inventory and high consumer demand is fueling the strongest seller's market we've ever seen.

Watch this week's video for all the details.

 

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