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What rising inventory means for the 2025 housing market

Housing Wire

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic.

Inventory 418
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With more inventory, where are home prices headed?

Housing Wire

While that forecast was lower than most others, it seemed achievable due to higher mortgage rates and increased inventory. Inventory is higher this year than in 2024, and mortgage rates haven’t dropped to 6%, which caused my forecast to be off last year. Unsold inventory sits at a 4.4-month million units, up 9.0%

Inventory 455
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2025 could be the last year of inventory shortage

Housing Wire

One reason that home prices have stayed elevated is that inventory nationally is still restricted. But if current trends continue, the inventory shortage will be effectively gone by next spring. In fact, while home prices are higher than a year ago, inventory has increased at the rate price appreciation has decreased.

Inventory 483
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Tight inventory is challenging Illinois’ ‘steady Eddie’ housing market

Housing Wire

Despite the frequency of departures, real estate agents in the state say the housing market remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Statewide, the housing market has a 90-day average Altos Market Action Index score of 44.18 as of Jan.

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Texas, Florida housing markets have the most inventory per capita

Housing Wire

Housing markets across the country are getting a much-needed infusion of inventory, as the number of homes for sale and new listings are running well ahead of last years pace. Overall, inventory nationally is currently 31% higher than this time in 2024, with annual percentage gains in most markets running well into double digits.

Inventory 339
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Surging for-sale inventory turns Florida into a buyer’s market

Housing Wire

Florida was one of the hottest destinations during the pandemic, but the states housing market might be coming down to earth. According to a report from Redfin, for-sale inventory at the end of January in Florida was up 22.7% Redfin attributes the rise in inventory to several factors. year over year. year-over-year jump.

Inventory 358
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Housing inventory is up, but so are unsold listings. Are renters to blame?

Housing Wire

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. High inventory levels contribute to another problem as active listings are remaining unsold for longer periods. The report focuses on homes that were on the market for at least 60 days at end of the month.

Inventory 487