#inventory-decline

#inventory-decline

In December, Jacksonville experienced a 3.7% decrease in the inventory of active home listings compared to the previous year, totaling 3,643 active listings. This stood in contrast to the national increase of 12.1% in active listings. The substantial 15.4% drop in newly listed homes year-over-year highlighted a contraction in fresh inventory, potentially setting the stage for price shifts if demand persisted.

In December, Chicago's real estate market showcased a striking decline in inventory, setting the stage for sellers to shine. The active listing count fell to 3,403, marking a 17.0% decrease from the previous year. This was in stark contrast to the national trend, where active listings increased by 12.1%. The city also experienced a notable reduction in newly listed homes, down 12.7% year-over-year, compared to a 1.8% decline nationally.