{"id":2104,"date":"2021-03-10T14:59:28","date_gmt":"2021-03-10T14:59:28","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2021\/03\/10\/will-vaccine-boost-listing-inventory\/"},"modified":"2025-03-13T02:36:56","modified_gmt":"2025-03-13T02:36:56","slug":"will-vaccine-boost-listing-inventory","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2021\/03\/10\/will-vaccine-boost-listing-inventory\/","title":{"rendered":"Will Vaccine Boost Listing Inventory?"},"content":{"rendered":"\n

A large majority of homeowners say they would be comfortable moving to a new home once the COVID-19 vaccine has been widely administered. This survey from Zillow comes amid record-low listing inventory across the nation.<\/p>\n\n\n\n

Seventy percent of survey respondents (14 million homeowners) said they\u2019re open to a future move, according to Zillow. That\u2019s a significant bump from the previous 52% who said they felt comfortable considering a move. Among surveyed homeowners, 78% said they expect the vaccine introduction will make them more likely to move.<\/p>\n\n\n\n

“We expect that the vaccine rollout will likely boost inventory, as sellers become increasingly willing to move despite Covid-19\u2014resulting in greater numbers of new listings beginning this spring,” said Chris Glynn, principal economist at Zillow. \u201cThat injection of inventory could give buyers more options and breathing room in a competitive market. The vaccine, however, will also likely add to already-strong demand, given that most sellers will become buyers as they trade in for a home that better suits their new needs.” <\/p>\n\n\n\n

Low Listing Inventory, Staggering Demand<\/h4>\n\n\n\n

This is good news for real estate agents, who report historically low listing inventory<\/a> amid staggering demand. Zillow research predicts that nearly seven million homes will sell in 2021\u201425% more than sold in 2020\u2014as sellers regain confidence in the market. Zillow reported in fall 2020 that financial anxiety and ongoing uncertainty was keeping some would-be sellers on the sidelines. New survey results indicate that uncertainty decreased between November 2020 and January 2021. <\/p>\n\n\n\n

The vaccine and continued high prices could help feed a ravenous demand for homes this spring. In 2020, existing home sales increased by 5.6% while the amount of overall available listing inventory continued to drop. Demand is being driven by both demographic and pandemic-led factors. For example, Millennials\u2014often considered the largest generational group in the country\u2014are entering their peak home-buying years. <\/p>\n\n\n\n

Research suggests steady demand in the for-sale market will continue after the pandemic ends. The effects of the last year has prompted people to rethink how and where they want to live<\/a>. Remote work options have opened up new, affordable housing options all over the country. Real estate tech tools like 3D home virtual tours with interactive floor plans<\/a> enable buyers to remotely explore all options. <\/p>\n\n\n\n

Moving season is quickly approaching, and some experts predict it will be an active one<\/a>. With Americans ready to move, hopefully getting shots into arms will provide a booster to a troublingly low listing inventory.<\/p>\n","protected":false},"excerpt":{"rendered":"

A large majority of homeowners say they would be comfortable moving to a new home once the COVID-19 vaccine has been widely administered.<\/p>\n","protected":false},"author":17461,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[572],"class_list":["post-2104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nWill Vaccine Boost Listing Inventory? - RealTrends - Blog<\/title>\n<meta name=\"description\" content=\"Vaccine could boost listing inventory, as a large majority of homeowners say they would be comfortable moving to a new home post-pandemic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2021\/03\/10\/will-vaccine-boost-listing-inventory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will Vaccine Boost Listing Inventory?\" \/>\n<meta property=\"og:description\" content=\"Vaccine could boost listing inventory, as a large majority of homeowners say they would be comfortable moving to a new home post-pandemic.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2021\/03\/10\/will-vaccine-boost-listing-inventory\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - 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