What does it mean if a market has more houses for sale than rent?

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Looking through Zillow, I noticed that the RE Market has more houses for sale than for rent. Any thoughts on what this might indicate about the current and future state of the market?



I can't guess based on one data point. It could be that school is starting and everyone is trying to move into their new rental before their kids need to be registered. It could mean something much bigger. Watch things over time and you'll start being able to interpret them.

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