Slow Start to Spring Buying Season in March as Inventory Pressures Persist, Latest HouseCanary Report Shows
As we step into spring buying season, a time which many consider to be the most active homebuying period of the year, inventory pressures continue to pervade the housing market.
- As we step into spring buying season, a time which many consider to be the most active homebuying period of the year, inventory pressures continue to pervade the housing market.
- While inventory is up 12.6% versus the same period in 2023, total housing stock continues to remain historically low.
- Jeremy Sicklick, Co-Founder and Chief Executive Officer of HouseCanary, commented:
“Over the past month, net new listings and contract volumes have continued to trend at multi-year seasonal lows. - The interest rate shock is the biggest factor responsible for sustaining inventory scarcity.