ResiClub's analysis indicates that rising active listings coupled with extended market times can foreshadow potential pricing weakness in the housing market, while falling inventories suggest increased price growth.
Local markets experiencing a return to pre-pandemic inventory levels typically witness softer home price growth or declines, while those with lower inventories have seen stronger growth in recent years.
Despite a 36% rise in national active listings between August 2023 and August 2024, current levels remain 26% below those of August 2019, indicating a still-tight market overall.
Florida's housing market has shown significant inventory increases, particularly in areas affected by Hurricane Ian, which, coupled with high prices and costs, has led to market softening in Southwest Florida.
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