Housing inventory is skyrocketing across America's housing market right in October 2024. New data from Realtor.com shows the supply jump is biggest in the South, in real estate markets like Texas, Florida, Georgia, North Carolina, and Arizona.
Homes for sale increased most in San Diego, CA, with a 77% increase in active listings YoY. This supply jump in San Diego is now causing home prices to begin to slow and drop in some areas.
One has to wonder what this supply surge will mean for the US Housing Market in 2024 and beyond. Could it mean that prices are finally ready to drop? After all - homebuyer demand is still very low.
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