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Is there any end in sight for the current housing inventory shortage?

real estatehousing marketfirst time home buyer
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Matey_90
Joined:
26.08.2021
Posts: 717
Topic Starter
26.03.2025 03:07
I've been looking to buy my first home for over a year now, but the competition is just exhausting. Every time a decent place hits the market, it's gone within two days with multiple offers way over the asking price. I keep reading conflicting reports about whether inventory will actually increase next year or if we are stuck in this cycle for the long haul. Does anyone have any insight into when things might actually normalize for buyers? It’s starting to feel like I’ll be renting forever at this rate.
14 replies in this topic
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Aleks_K
Joined:
07.06.2024
Posts: 552
05.04.2025 20:37
Honestly, I think you're going to be waiting a while. With interest rates where they are, nobody with a sub-3% mortgage is going to list their house. It's a total stalemate.
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ChernaKotka
Joined:
06.03.2023
Posts: 1580
12.04.2025 07:11
In reply to a previous post
I feel your pain. I finally gave up and signed another year-long lease last month. It’s better than getting into a bidding war I can’t afford.
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agata_k
Joined:
06.04.2023
Posts: 1549
10.05.2025 20:52
It really depends on your local market. In some areas, inventory is starting to creep up, but in major cities, it's still a bloodbath.
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Fari_P
Joined:
14.11.2024
Posts: 2221
09.06.2025 18:37
In reply to a previous post
I agree with the previous comment. I live in the Midwest and we are seeing homes sit for two weeks now instead of two days. The frenzy is dying down slightly.
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Oliviya_T
Joined:
07.03.2021
Posts: 1193
20.07.2025 08:48
Don't hold your breath for a market crash. The supply issue is structural, not just cyclical. We aren't building enough houses to keep up with demand.
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Hani_B
Joined:
15.03.2021
Posts: 1078
16.08.2025 15:03
In reply to a previous post
My advice? Stop looking at the 'perfect' homes. Look for the ugly ones that have been sitting for a month. You might have better luck there.
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Brayan_Z
Joined:
18.09.2020
Posts: 2226
18.08.2025 15:28
In reply to a previous post
It's definitely exhausting. I've been outbid on five houses this year. I've decided to step back and save more for a bigger down payment while I wait.
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Stefan_W
Joined:
28.09.2023
Posts: 2486
01.09.2025 22:48
The inventory shortage is exactly why I decided to move to a smaller town an hour outside the city. It’s the only way to get a fair deal these days.
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damian_varna
Joined:
23.06.2025
Posts: 589
17.09.2025 05:49
In reply to a previous post
Are you working with a good agent? Sometimes they know about pocket listings before they even hit the MLS. That’s how we finally got our place.
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Oli_L
Joined:
16.04.2022
Posts: 2211
30.01.2026 00:49
I think we’re stuck in this cycle for at least another 2-3 years. Until new construction catches up, it’s going to be a seller’s market.
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Misho_B
Joined:
14.12.2021
Posts: 422
18.02.2026 06:28
I feel like everyone is just waiting for interest rates to drop, but if they do, prices will probably just spike even higher because more people will jump in.
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star_vulk
Joined:
14.06.2025
Posts: 2343
20.03.2026 22:04
In reply to a previous post
Exactly, it's a double-edged sword. If rates drop, you gain buying power but lose out to twenty other bidders. It's lose-lose right now.
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Roman_88
Joined:
19.12.2023
Posts: 1874
28.03.2026 19:29
In reply to a previous post
Keep your head up. I was in your shoes three years ago and I thought the same thing. Eventually, you’ll find a seller who cares more about the buyer than the highest offer.
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Filip_G
Joined:
30.12.2024
Posts: 497
14.04.2026 01:12
I've started looking into condos just to get a foot in the door. It's not a house, but it's equity.

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