05/28/2026
Existing housing inventory is rising, still below pre-Covid levels. This April is the best inventory level since 2020. However, sales activity is flat as an ice rink! That combination is pushing up months-of-inventory, putting downward pressure on home prices. The latest Case-Shiller data, for the month of March, shows home prices falling 0.22% month over month and rising 0.7% in year over year less than inflation. Real home prices are declining. Maybe consider contacting a Loan Officer and get pre-Qualified to buy a home. (wink, wink)