Blog > Is Inventory Growth Finally Slowing?
<div class="hs-featured-image-wrapper"> <a href="https://blog.altosresearch.com/is-inventory-growth-finally-slowing" title="" class="hs-featured-image-link"> <img src="https://blog.altosresearch.com/hubfs/AdobeStock_127252912.jpeg" alt="Is Inventory Growth Finally Slowing?" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Unsold inventory has been on the rise all year, but there are some signs that inventory growth is slowing as we approach the end of summer with newly-lower mortgage rates.<br><br>In the years before the pandemic, it would be totally normal for inventory to peak at the end of July or in August. But in the last two years, as the market slowed, inventory climbed all the way to November. I think we probably have another month or more of inventory growth, but that growth sure seems to be slowing. <br><br>Slower growth of unsold homes on the market is a result of still few sellers on the supply side and stability on the demand side. We’ve been in an extended period of weak or declining home buyer demand, so that unsold supply of homes continues to build. If demand stabilizes, we may be at the peak of this trend for the season. <br><br>We’re keeping on the lookout for these subtle shifts in the market because that has implications for home price appreciation and for home sales volumes for the year. There’s nothing in the data that says 2024 is going to accelerate, so the most optimistic scenario we’re watching for is stability and maybe some sales recovery in 2025. </p> <p><br>Every week Altos Research tracks every home for sale in the country. We analyze all the pricing, supply and demand, and all the changes in that data and we make it available to you before you see it in the traditional channels. If you aren’t using Altos market reports with your clients, your buyers and sellers, now might be the time to step up. Go to <a href="http://altosresearch.com" style="font-weight: bold;">altosresearch.com</a> and book a free consult with our team. Because everyone is worried about what’s happening right now. They need you to help them see clearly. The data we cover here in these national videos is available for every zip code in the US. Join us to dive in.<br><br>I’m Mike Simonsen, I’m the founder of Altos Research. Let’s look at the data for the week of August 19, 2024. <span style="font-weight: bold;">Please refer to the video below for all the charts I mention in this transcript!</span></p> <img src="https://img.chime.me/image/fs/chimeblog/20240820/16/original_34f74723-2897-42de-9d33-a14ab665d3ed.gif?a=7754956&k=14&r=https%3A%2F%2Fblog.altosresearch.com%2Fis-inventory-growth-finally-slowing&bu=https%253A%252F%252Fblog.altosresearch.com&bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; ">
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Catherine Abiera - Lumbres, ABR MRP C2EX AHWD
Broker Associate | License ID: EA100089425
Broker Associate License ID: EA100089425