The housing market’s inventory has experienced a slight dip of 0.4% from the previous week, now standing at 632 thousand units. Despite this weekly decrease, the annual comparison shows a significant increase of 27.8% from the same week in 2024. However, when compared to 2019, inventory is still down by 22.1%. This year’s figures are a stark contrast to June 2023, when inventory was nearly 54% lower than in 2019. The gap between current inventory levels and those considered normal has notably narrowed.
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