This cooling, coupled with strained affordability, is increasing days on market, months of supply, and active listing counts, highlighting a shift towards buyer's markets.
There was a 26% decrease in U.S. homes for sale from August 2019 to August 2024, but active inventory is now rising, reflecting a market adjustment.
ResiClub believes monitoring active listings and months of supply is crucial for assessing home price momentum, indicating market health and buyer leverage.
Active inventory increases indicate that buyers are gaining some leverage in the resale market, as many markets have softened and become buyer's markets.
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