Active inventory up 29.7% over last year

With over 1 million homes on the market – the 81st consecutive week of inventory gains – there are now more homes for sale than any time since December 2019.

However, it worth keeping in mind that overall supply remains considerably below pre-pandemic standards, particularly in the Northeast and Midwest.

Of course, the increase in inventory means that buyers can be more selective as reflected by the increase in time on market by 5 days over a year ago.