To assess home price momentum, it's important to monitor active listings and months of supply. A rapid increase in listings coupled with longer market times may hint at future price weakness.
Local housing markets where active inventory has returned to pre-pandemic levels have generally seen softer home price growth (or declines) over the past 24 months.
National active listings increased by 29% between October 2023 and October 2024, indicating that buyers gained some leverage, resulting in conditions akin to buyers' markets.
States like Florida saw significant inventory jumps, particularly in areas like Southwest Florida, which faced inventory strain post-Hurricane Ian, affecting local market dynamics.
Collection
[
|
...
]