Why Real Estate Prices Are Rising Despite Increasing Inventory | Market Analysis 2024

In this video, we delve into the paradox of rising real estate prices amid increasing inventory. Despite a 7.7% increase in inventory, demand continues to outpace supply, with 86% of homes selling within the first 60 days and 70% within the first 30 days. Even with this increase, the market still only has a 2-month supply, a critical level that could lead to rapid inventory depletion if no new homes are listed.
Discover why the market dynamics remain tight and what it means for buyers and sellers. Call me if you want to dive deep!
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