Housing Market Shift: Inventory Up, Buyer Hesitancy
Housing market sees rising inventory, buyer hesitancy, and sellers adjusting expectations. Home prices remain stable, but price cuts are increasing. Market shifting towards buyers in some regions.
In 8 states, inventory is now above pre-pandemic levels
: In his weekly report, Simonsen said inventory appears to have peaked in Texas and Florida and may start to decline in those states a little earlier than the rest of the country.