Available inventory of homes for sale continues to fall at the end of January. This is a combination of very few new listings and a bit of a surprising uptick in demand from buyers. Low supply is helping to buoy prices, which were falling in the 4th quarter.
So the question is: have we already seen the bottom for the housing market, or is this a temporary blip before an inevitable recession hits, or interest rates climb again? Everyone has their view of course, but the early data is pointing towards a stronger-than-expected spring market.
Check out this week’s Altos update for the latest on pricing, inventory, and more.
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