Redfin’s Post

https://lnkd.in/gjCnQehZ The COVID-19 pandemic caused significant changes in the housing market, with high demand driving up prices and reducing inventory. However, a recent report from Realtor.com shows that inventory levels are starting to increase in some cities, reversing the previous trend of low housing supply.

Curious about the latest trends in the housing market? 🌟 Here's what you need to know: 📊 Market Cooling: In many areas, housing prices are starting to stabilize or even decrease after a period of rapid growth. 💸 Interest Rates: Rising interest rates are impacting affordability, leading to a slowdown in demand. 🏠 Supply & Demand: Increased inventory gives buyers more options, which can decrease prices. #HousingMarket #RealEstate #HomeBuying #MarketTrends

Nationally, demand is still high compared to the last normal years in the housing market and plenty of buyers are making moves right now. Here’s the data to prove it.

Factors Leading to a Cooling Housing MarketStay informed and adapt your strategies to changing market conditions Over the past several years, the housing market has been on a relentless upward trajectory, with home prices reaching record levels and demand outpacing supply. However, recent trends suggest that the market is starting to cool down, with more balanced conditions emerging between buyers and sellers.

Todays housing market is challenging. We have seen interest rates go to high levels not seen for quite some time and inventory levels go very low. And home prices have roller coastered. So where are we at now? Recently the number of homes hitting the market has gone up. And normally when supply goes up prices come down. Some headlines are predicting a crash. Will that happen? The reality is that with the inventory of homes is so low that the recent increase of homes on the market is still well below average. Watch this video for more insight into the current housing market and reach out to me if you have any questions #realtoeannwood #newlenoxrrealty #newlenoxrealtor #housingmarketupdate

Good news for all the buyers out there. The supply of homes for sale has grown significantly this year. There are 36.6% more homes actively for sale compared to 2023. This means more options for you. But this doesn’t mean we have an oversupply. Inventory is still almost 29% lower compared to more normal years like 2017-2019.

Good news for all the buyers out there. The supply of homes for sale has grown significantly this year. There are 36.6% more homes actively for sale compared to 2023. This means more options for you. But this doesn’t mean we have an oversupply. Inventory is still almost 29% lower compared to more normal years like 2017-2019. #inventory #housingmarketupdate

Our June Market Report shows the housing market starting to look like it did pre-pandemic, with competition beginning to ease. Affordability is still a major concern, but buyers are looking at a more balanced market and more negotiating power, while sellers are making price cuts. Read the report for the full details: https://lnkd.in/ePZnCVJG  #HousingMarket #Zillow

Good news for all the buyers out there. The supply of homes for sale has grown significantly this year. There are 36.6% more homes actively for sale compared to 2023. This means more options for you. But this doesn’t mean we have an oversupply. Inventory is still almost 29% lower compared to more normal years like 2017-2019. #inventory #housingmarketupdate #keepingcurrentmatters

We're seeing the lowest housing inventory in history—except for during the COVID crisis. With fewer homes available, prices have soared, and they’re not going back down. Even with a slight downturn, prices will hold at new levels. The housing market is evolving, and it’s crucial to stay informed! 🔑 #RealEstateUpdate #HousingMarket #InventoryCrisis #HomePrices #MarketTrends