Despite a Lack of New Listings, Home Sellers Still Have the Upper Hand
Pro Builder
MAY 8, 2023
Last year's mortgage rate spike saw homes sit on the market longer as days on market increased, which allowed inventory to pile up even as fewer homes came up for sale. inventory) in April 2023 was 50.3% below levels seen in April 2019. As a result, just 392,016 U.S. However, we're still very far from a national buyers' market.
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