"Active inventory for sale is up 8.1% year-over-year, and now active inventory for sale is only 13.6% below pre-pandemic 2019 levels. This indicates a shift in the market dynamics."
"Sellers in the post-Pandemic Housing Boom period are finding more resistance, resulting in homes spending more time on the market and being counted as inventory for longer."
"The typical U.S. home listed for sale has seen an increase in days on the market, from 10 days in Spring 2022 to 26 days in Spring 2023, indicating a trend of longer selling periods."
The supply-demand equilibrium in local housing markets is shifting towards buyers, indicated by rising active inventory and longer selling times. National active inventory is up 8.1% year-over-year, remaining 13.6% below pre-pandemic levels. Sellers face more resistance, leading to homes spending more time on the market. The typical U.S. home listed for sale has seen an increase in days on the market, from 10 days in Spring 2022 to 26 days in Spring 2023, reflecting a trend of longer selling periods.
#housing-market #active-inventory #supply-demand-equilibrium #pandemic-housing-boom #real-estate-trends
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