Inventory growth is the story of the day, and in today’s video, I do a deep dive into what that means for the market.
This week, we saw available inventory of unsold single family homes in the US rise by 8.2% to 344,000 homes. That’s an increase of 26,000 more homes than last week, and 6% more than this time last year. And climbing very quickly!
Meanwhile, we hit a new record high for home prices this week at $443,000 for the median single family home. I do expect we’re finally at the summer pricing plateau.
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