A Market in Transition
With demand falling and the housing inventory swiftly climbing, housing is slowing fast.
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A Buyer's Spring
More homes come on the market during the spring than at any other time of the year, inventory rises, demand peaks, and market time climbs.
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A Different Velocity
With a much higher inventory and similar demand, this year's market time is at its highest since 2019.
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More Seller Competition
The active inventory is 56% higher than last year and is at its highest mid-February level since 2020.
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A Winter Thaw
With demand rising fast, the housing market is heating up, and the market time is plunging.
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Unexpected Market
The Expected Market Time jumped from 76 to 84 days in the past couple of weeks.
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