South and West See Inventories Spiking
饾悋饾惃饾惍饾惉饾悽饾惂饾悹 饾悽饾惂饾惎饾悶饾惂饾惌饾惃饾惈饾惒 饾悽饾惂 饾惌饾悺饾悶 饾悞饾惃饾惍饾惌饾悺 饾悮饾惂饾悵 饾悥饾悶饾惉饾惌 饾悺饾悽饾惌饾惉 饾悮 饾煆饾煄 饾惒饾悶饾悮饾惈 饾悺饾悽饾悹饾悺.
And it's not particularly close.
There are now 854,000 active listings across the South and West, representing 29 states and some of the country's largest housing markets.
That's a staggering 158% increase since October 2021.
Inventory is now approximately 14% ABOVE October 2019 levels.
This is happening while buyer demand remains historically weak.
More listings. Fewer buyers. More competition among sellers.
The inevitable result? Downward pressure on prices.
For buyers, this is welcome news. More selection, greater negotiating power, and potentially lower prices heading into 2027.
For sellers, particularly those in the South and West, the market is becoming increasingly difficult.
The housing market isn't moving in one direction everywhere. But the supply dynamics in these regions are becoming increasingly difficult to ignore.
Are sellers are prepared for what's coming? Call me bearish but I think there's pain on the horizon.