Summary: Realtor.com Reports Weekly Active Inventory Down 2.0% YoY; New Listings Down 1.0% YoY
- Realtor.com’s weekly report shows a 2.0% year-over-year decrease in active inventory.
- New listings are down 1.0% year-over-year.
- The data provides insight into the current state of the existing home market.
Realtor.com’s Weekly Report Highlights Decrease in Active Inventory and New Listings
According to a weekly report from Realtor.com, active inventory in the existing home market has decreased by 2.0% year-over-year. Additionally, new listings have experienced a 1.0% year-over-year decline. This data provides valuable insight into the current state of the existing home market, which can help realtors and potential homebuyers make informed decisions.
The decrease in active inventory and new listings may be attributed to various factors, such as ongoing supply chain issues, labor shortages, and rising construction costs. These challenges have made it more difficult for builders to meet the demand for new homes, resulting in a tighter existing home market.
In conclusion, Realtor.com’s weekly report highlights a decrease in both active inventory and new listings in the existing home market. This information is crucial for realtors and potential homebuyers to understand the current market conditions and make informed decisions about buying or selling a home.
Orginal article: Link To Article – provided by Kansas City Realtors