Realtor.com report finds price growth eased to high single-digit territory in December.
Tagged: Housing Inventory
Active homes for sale post a record year-over-year increase.
Study says declining number of active listings nationwide puts homeownership out of reach for American with median income.
Stubborn sellers are staying put with their comfortable monthly mortgage payments.
Zillow forecasts home value growth will be nearly flat over the next 12 months, especially as inventory struggles to catch up.
If sales keep dropping and inventory keeps growing, we may reach a buyer's market by December.
Zillow found that low-cost markets remain competitive, while home values slope downwards.
But rising interest rates taking a toll on both buyers and sellers.
Time on market was 42 days, 5 days more than last year but 22 days less than typical pre-pandemic levels.
Realtor.com says home shoppers had more actively listed options year over year for the third straight month.