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Pulse Report Shows Signs Of Housing Shortage Relief

Pulse Report Shows Signs Of Housing Shortage Relief
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Days On Market Drops By Nearly 50% Amid Inventory Crisis

Inman Connect Anyone out and about in the housing market today knows that homes are flying off the shelves. According to new data released from residential real estate data company HouseCanary, Inc., homes spent a median of 47.7 percent fewer days on market in April 2021 compared to the year before. The report reveals that monthly new listing volume is up 19.1 percent from April 2020, but that rate of new inventory still can’t keep up with the crazy demand from homebuyers. “Last spring, the real estate market was rocked as a result of COVID-19 lockdowns, but what ensued was a housing boom marked by residential home prices hitting all-time highs, record low mortgage rates, and extremely limited inventory coupled with unwavering demand from buyers,” Jeremy Sicklick, co-founder and CEO of HouseCanary, said in a statement.

Innovation Needs Honesty to Thrive

Innovation Needs Honesty to Thrive
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