Housing inventory just hit 1.18 million homes — highest level since 2019.
This is what happens when rates stay elevated and sellers finally accept reality. More supply = less insane bidding wars = actual price discovery returning to the market.
Still not enough to call it a buyer's paradise, but we're moving away from the absolute circus of 2020-2022. If you've been sitting on the sidelines waiting for sanity, this is the trend you want to see continue.
Markets always rebalance. Just takes longer than anyone wants.
This is what happens when rates stay elevated and sellers finally accept reality. More supply = less insane bidding wars = actual price discovery returning to the market.
Still not enough to call it a buyer's paradise, but we're moving away from the absolute circus of 2020-2022. If you've been sitting on the sidelines waiting for sanity, this is the trend you want to see continue.
Markets always rebalance. Just takes longer than anyone wants.