The housing market continues to show resilience with increasing prices and stable inventory levels. New listings are on the rise, but affordability constraints and a decrease in home buying demand may put downward pressure on prices.
What is the current trend in new listings?
New listings have been on the rise for the past three weeks.
Are home prices expected to continue increasing?
Affordability constraints may put downward pressure on prices despite the current rise.
How is the inventory level compared to last year?
Inventory levels have remained virtually flat on a year-year basis, with a gain of 327 more houses for sale compared to last year.
What is the impact of limited inventory on prices?
Limited inventory levels have prevented a sharp pullback in prices.
Is there a decrease in home buying demand?
Early signs show a decrease in home buying demand.
The housing market continues to show resilience with increasing prices and stable inventory levels. New listings are on the rise, but affordability constraints and a decrease in home buying demand may put downward pressure on prices.
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