While unsold homes inventory has increased over the last two years, current trends indicate a more normal seasonal decline, influenced by rising mortgage rates.
The unsold inventory count shows a little decline, remaining relatively flat, with forecasts suggesting that we might see a small increase in unsold homes.
Home sellers are withdrawing listings as they face challenges in selling, with data showing that for every two sales, there is a third withdrawal.
The current inventory level is 704,000 unsold single-family homes, 38% higher than last year, presenting implications for potential buyers in the upcoming year.
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