The US inventory of active listings increased 30.7% year-over-year, faster than ever before in Realtor.com's data history. However, slowing in the number of new listings – it actually declined – has left the housing market seeking to find balance, according to its chief economist Danielle Hale.
Inventory was up significantly in June and May, but July's data suggests "that some prospective sellers are wondering what recent market shifts mean for their plans to list." But data indicates that homeowners grappling with this decision are still in a good position in many markets, with buyer interest keeping well-priced homes selling quickly.
Hale said that because many sellers have a substantial equity cushion to leverage, thanks to the past decade of rising prices, whether they take advantage of these opportunities will be key to inventory trends moving forward.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
