Leading housing data trackers are suggesting that the housing market turned a corner in April as the inventory crunch showed signs of easing.

Real estate brokerage Redfin this week reported a 9% year-over-year decline in homes for sale—the smallest since March 2020 and the first single-digit drop since the pandemic began.

Redfin deputy chief economist Taylor Marr said, "when market conditions are changing it becomes more difficult for homebuyers and sellers to see eye-to-eye on pricing."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Multifamily
Midwest
Northeast
Southeast
Southwest
West