Latest real estate news and analysis tagged with housing-inventory on realestatenews.news.
Fresh inventory is flooding the U.S. housing market at its fastest pace in four years, but sluggish demand and elevated mortgage rates are keeping many buyers on the sidelines.
Florida has logged 11 consecutive months of year-over-year sales gains, with luxury sales and condo activity leading notable trends, according to Florida Realtors Chief Economist Dr. Brad O'Connor.
Pending home sales rose a modest 0.4% week over week through early August, while new listings jumped 1.7%—the largest weekly gain in five months—giving buyers slightly more room to negotiate in a market still weighed down by elevated mortgage rates.
U.S. pending home sales slipped 1.3% week over week through July 19, pressured by elevated mortgage rates and near-record home prices, even as inventory gives buyers more room to negotiate.
Foreclosure listings reached their highest share of the market since 2020, with the median REO property selling at a 27.2% discount — giving budget-focused buyers a real but challenging path to savings.
Closed sales, pending sales, and median prices climbed across both single-family and condo-townhouse segments in June, pushing Florida's year-over-year growth run to 10 straight months.
A fresh Redfin analysis finds roughly 48.5% more home sellers than buyers nationally in June, with Miami, Nashville, Houston, San Antonio, and Austin emerging as the country's most pronounced buyer's markets.
A surge in mortgage rates to their highest level since last July has interrupted several weeks of improving homebuying demand, pushing pending sales lower and cooling purchase applications.
Redfin data shows the seller-to-buyer imbalance shrank for the fourth consecutive month in April, as improved job-market sentiment pulled more shoppers back into the housing market.
Surveys show most owners with low mortgage rates plan to stay put, though lifestyle changes and buyer remorse could boost listings over time.
A temporary pullback in mortgage rates and slightly higher inventory helped push pending contracts to their strongest level in nearly four years, Redfin says.
A short-lived dip in mortgage rates pushed pending contracts to a near four-year high, but overall spring activity remains slower than in past years.
