housing shortage in ventura county
Why Your House Will Shine in Today’s Market — An Advantage for Sellers in Ventura County and Beyond
In today’s real estate landscape, there’s an intriguing dynamic: even with more homes on the market than this time last year, there are still significantly more buyers than available properties. If you’re considering a move, this creates a perfect opportunity for your home to stand out — and for you to make the most of it.
At Avant ONE Real Estate, we understand the specific conditions driving this market, and our dedicated expertise ensures you’re prepared to capitalize on this seller’s advantage.
Understanding why demand remains strong and housing supply is still tight can help you see how this trend favors sellers like you. Here are the key drivers:
Underproduction of Homes
The pace of new home construction has lagged behind the growing demand for years. Even as recent construction ramps up, it hasn’t kept pace with the number of new families and households forming each year. According to Zillow:
“In 2022, 1.4 million homes were built... However, the number of U.S. families increased by 1.8 million that year...meaning the country did not even build enough to make a place for the new families.”
This cumulative shortage is a primary factor why current sellers are seeing such strong interest.
Rising Costs of Construction
The ongoing rise in building material costs, labor shortages, and supply chain disruptions have all made it more expensive — and sometimes less feasible — to build new homes. In some of the most desirable locations, these factors only heighten the existing shortage, intensifying buyer demand for available homes.
Local Demand Imbalances
In highly desirable areas like Ventura County and the Northwest Los Angeles neighborhoods, job growth and quality of life continue to attract new residents. However, new construction simply can’t keep up with demand. This makes local markets like Westlake Village, Thousand Oaks, and Agoura Hills especially competitive, with fewer homes available, which in turn supports strong prices and rapid sales.
Nationally, experts estimate a shortfall of around 3.3 million homes needed just to meet current demand. But that’s not the end of the story. According to projections by John Burns Research and Consulting, over the next decade, the U.S. will need 18 million additional homes to meet anticipated demand, including homes for new families and replacements for aging or unusable properties.
Locally, the shortage of homes for sale puts sellers in a favorable position. With fewer listings available and buyers still competing, homes on the market often attract significant attention and strong offers. Working with a trusted real estate partner, like Avant ONE Real Estate, will ensure your home is priced strategically and positioned to appeal to serious buyers.
Our experienced team has a deep understanding of hyper-local trends and a dedicated approach to representing sellers exclusively. We believe in creating tailored strategies that reflect your goals and maximize your home’s potential in today’s tight market.
According to estimates from Real Estate News, the U.S. is facing a housing shortfall of roughly 3.3 million homes, based on an average of several expert insights (see graph below):
This shows there’s a significant number of homes that need to be built just to meet current demand from buyers. But what about future demand?
According to John Burns Research and Consulting (JBREC), over the next 10 years, the U.S. will need about 18 million new homes to meet projected demand, including homes for new households, second homes, and replacements for aging or unusable homes.
So, even though more homes are on the market compared to last year, there still aren’t enough of them to go around. This is where you can really win if you’re ready to sell your house.
While the number of homes for sale has risen slightly compared to last year, the overall shortage remains, positioning you as a seller to take advantage of robust demand. At Avant ONE, we offer a client-first approach, exclusive seller representation, and local market expertise to make sure you get the most from your sale.
Let’s connect and discuss how we can bring this market opportunity to you with a strategy designed for today’s unique conditions. At Avant ONE Real Estate, we don’t just sell homes — we help you realize the full potential of your property in the communities we know and love.
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