Leading housing data trackers are suggesting that the housing market turned a corner in April as the inventory crunch showed signs of easing.
Real estate brokerage Redfin this week reported a 9% year-over-year decline in homes for sale—the smallest since March 2020 and the first single-digit drop since the pandemic began.
Redfin deputy chief economist Taylor Marr said, "when market conditions are changing it becomes more difficult for homebuyers and sellers to see eye-to-eye on pricing."
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