Inventory is growing, but not fast enough

Inventory is up, but when will it return to normal? Well, according to Mike Simonsen, Founder of Altos Research, the only path back to healthy housing inventory post-COVID is multiple, consecutive years of higher rates. But for the moment, here's a snapshot of housing inventory in America:
‣ YTD inventory is +39%, but should recede to +20% by EOY
‣ All 50 states have more inventory today than this time last year
‣ Only 5 states have more inventory today than in 2019
‣ If rates fall in the coming months, unsold inventory will fall as well
‣ New construction listings help, but are not all immediately available
‣ With 625,000 est. at EOY, inventory will end 40%+ below healthy levels
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*About ‪@AltosResearch‬
Altos Research is the premier resource for real-time real estate data. We provide weekly market statistics, analysis and reporting for 99% of the zip codes in the U.S., helping real estate professionals, investors, financial institutions, and their clients make better-informed decisions.
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About Mike Simonsen
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. Mike uses Altos data to identify trends in the real estate market well before the headlines, and his work has been featured in the New York Times, The Atlantic, Fortune, Bloomberg and other publications.
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Twitter → / mikesimonsen
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*About Batting 1,000
Batting 1,000 with Dale Vermillion is a production of Mortgage Champions. The show is produced and edited by Jake Vermillion. Music by Envato Elements.
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