#home-inventory

#home-inventory

The real estate market is stabilizing as home inventory reaches its highest level since 2019, offering hope to buyers after years of tight inventory.

Home sellers in the Northeast, Midwest, and Southern California maintain power, while homebuyers in Florida and Texas dominate the market.

Home inventory has increased 24.6% year-over-year in January, signaling a potential market shift.

Lower mortgage rates and reduced lock-in effects are driving more listings.

Despite growth, inventory is still below 2017 and 2019 levels. 

Pending listings show a gradual recovery but are lower than the previous month.

New home inventory is increasing while existing home sales remain low.

Builders are offering incentives to attract buyers in a fluctuating mortgage rate environment.

Mortgage rates are decreasing, influenced by the bond market and labor data dynamics.