Here’s the story of our home supply right now in Montgomery County.
Are we headed for a correction in the Montgomery County real estate market? I’m going to begin to answer that question today in part one of my May market update by looking at the supply of homes in our area and where that supply is coming from.
Real estate is all about supply and demand. Today we’re focusing on the supply side to discover where our market is headed in terms of prices, inventory, and more. Next time, we’ll focus on demand, and after that, we’ll bring them both together. Let’s begin our examination of Montgomery County real estate by looking deeper into our home supply.
Feel free to watch the full interview or use these timestamps to browse specific topics at your leisure:
0:00 — Introducing today’s topic
1:01 — What our builders are experiencing right now in terms of supply
2:25 — How permit issues and supply chain issues are affecting the home-building process
3:30 — Why we need to build 5.5 million more homes to meet the demand
4:25 — What homeowners in Montgomery County are telling us about home supply and why
5:20 — Who is going to be listing their homes in Montgomery County this year?
5:47 — What landlords and renters are saying about supply
6:59 — Wrapping things up
Stay tuned for the aforementioned part two, where I’ll focus on where the demand is coming from in our market. In the meantime, here’s **](__notset__)[the article](https://www.wsj.com/articles/u-s-housing-market-needs-5-5-million-more-units-says-new-report-11623835800) [I mentioned** from The Wall Street Journal about our new housing supply being 5.5 million units short.
If you have any questions for me, don’t hesitate to reach out via phone or email today. I would love to hear from you.