Housing inventory saw a significant increase of 33.4% year-over-year. This week’s figures show a slight rise of 1.6% from the previous week. As of April 11th, the inventory stood at 702 thousand units, a 7-day average. Last week, the inventory was at 691 thousand units. Compared to 2019, inventory is down by 17.5%. Experts predict that inventory levels will soon surpass those of 2020 and may approach 2019 levels by the end of 2025. These statistics highlight the dynamic shifts in the housing market, offering valuable insights into future trends.
Nate Erskine-Smith
@beynate
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Mar 12 We’re pulling as many federal levers as we can to drive long-term housing affordability. That includes doubling non-market and community housing in the next 7 to 10 years
Jon Markman
@jdmarkman
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Apr 12 New home inventory has surged to levels not seen since 2008.Builders are sitting on nearly 8 months of supply.Yet they’re stubbornly holding firm on pricing.For the past 3 years, builders have had too much power.Here’s why:
Lance Lambert
@NewsLambert
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Feb 12 J.P. Morgan: The increase in the undocumented immigrant population may “be ramping up housing demand more than figures suggest, resulting in a greater shortage of stock”
Dawn
@realtordawnyyc
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Mar 29 Calgary’s detached housing market is showing signs of a shift—sales are down, inventory is up, but prices are still climbing. Is this the start of a correction or just a breather before the next surge?
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