The U.S. housing market moved into a seller’s market in April 2021, a trend that has not slowed. An analysis of nationwide listings shows that total active inventory has only increased 14,913 since hitting a seasonal bottom on April 14, 2021.
home buyers have faced increased competition and rising home values over the last month. Low inventory, a low cost of borrowing, and demand from move-up buyers has created a seller’s market in many cities. For the last four weeks, closed transactions were up nearly 4% year-over-year.
In summary:
• Total active inventory has only increased 14,913 since hitting a seasonal bottom in April
• U.S. housing market moved into a seller’s market in April 2021
• Low inventory, low cost of borrowing, and demand from move-up buyers has created a seller’s market for many cities
• Closed transactions have been up 4% year-over-year for the past four weeks
You can read this full article at: https://www.housingwire.com/articles/housing-market-tracker-active-listings-barely-budge/(subscription required)
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