For-sale home inventory bottomed earlier this year, and more and more local markets are experiencing year-over-year inventory jumps, according to Calculated Risk blogger Bill McBride.

He predicts the National Association of Realtors will report an annual increase in inventory very soon, likely for September.

“As more inventory comes on the market, buyer urgency will wane and price increases will slow and even decline seasonally in many areas this winter,” he wrote.

“(In my opinion) this will be another step towards a more normal housing market.”

Source: Calculated Risk

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Connect Now is tomorrow! Join top producers as we discuss how to position your business for success in 2021.Reserve Your Spot×