The housing market is currently seeing an upswing in unsold inventory, with a 20.8% increase to 1.45 million homes. Despite this, median home prices have risen slightly to $414,000. The south remains stagnant while the Midwest shows a slight gain. Slow demand this season is attributed to uncertainties from recent policy announcements and consumer concerns about job security, impacting large purchases like homes. Though inventory is escalated, the price stability suggests a potential adjusting phase rather than a collapse.
Despite rising unsold inventory, the housing market didn't see a significant price drop as the median sale price reached its highest since August 2024.
While the spring home shopping season began, demand has been slow largely due to policy uncertainties and concerns regarding job security.
Inventory levels are higher now than in the previous year; however, the impact on home prices has not been immediately significant.
The South, which makes up nearly half of the home market, experienced stagnant sales amid rising economic uncertainties and policy changes.
Collection
[
|
...
]