Supply is Not keeping up with Demand. Inventory up 16.8% but not good enough.

Let’s go to our way-back Machine, lets say back to 2022 when the inventory was below 500,000. Pre-Covid numbers averaged closer to 1.4M. currently we are at 1.18M.

We have a 3.5 months’ supply of homes up from 3.2 in December.

Median home price was $396,900 down slightly from December. 28% first time home buyers, 29% cash – down from 32%.

Housing market staying strong as inventory try’s to keep up.

Have a great weekend. ww.YourApplicaitonOnline.com


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