Reported about 1 year ago
The housing market is experiencing a shortage in supply with a significant decrease in pending inventory. According to statistics, the overall market's pending inventory, including new and existing homes, is approximately 221,000 units, a decrease of 52,000 units compared to the previous year. This trend of diminishing inventory has led to a shift towards a seller's market, impacting housing prices. Various factors such as policy changes, increased demand, and market confidence have contributed to this imbalance in supply and demand.
Source: YAHOO