US Housing Supply Increases While Sales Lag Behind
What are the current trends in the US housing market? In the latest report, existing-home sales have increased by 2.8% year-over-year, but the overall activity remains historically low, indicating that the market is still adjusting to a sluggish national pace. The listings platform reported a seventh consecutive month of rising pending sales, which shows that buyer interest persists despite the low sales pace. New listings have risen by 2.4% year-over-year, and active listings have increased by 1.9%, although the growth of active inventory has slowed from 2.2% in the previous period. Market conditions are not uniform across the US; some areas are experiencing higher inventory and declining prices, while the Northeast is seeing smaller inventory gains alongside rising home prices. Looking ahead to the remainder of 2026, homebuilders are expected to face challenges, with more completed homes for sale and increased unsold homes under construction, as well as price reductions.
Understanding these trends can help buyers and sellers navigate the complexities of the current housing market.
For expert insights on the Massachusetts real estate market, connect with Mark McGowan, realtor at Redfin by Rocket.