Market watch.
July housing inventory levels continue to rise, providing more options to homebuyers who are actively looking for a new home. Home price reductions are also increasing as sellers adjust to the new normal. However, housing remains expensive and fast-paced, with the median asking price close to June’s all-time high.
For the second month in a row, the June housing data shows an improvement in inventory. The count of active homes listed for sale increased 18.7% year-over-year. The increase in inventory resulted from a combination of sellers entering the market and moderating demand for homes. Home sales remain fast-paced, with the typical home for sale … Read more
The inventory of homes for sale grew in May, with more new listings entering the market than in any other month since June 2019. Despite the increase in inventory, typical housing costs are expensive and fast-paced. The median home asking price is at a new all-time high of almost $447,000. Sellers are fueling the turnaround … Read more