The supply of existing homes for sale is near a record low, but the supply of newly built homes for sale just jumped dramatically, returning to its 30 - year average. (nbr.com)
As well, an increase in the number of existing homes for sale will offer more choice to home shoppers and reduce new home demand. (remonline.com)
According to the National Association of Realtors latest Existing Home Sales Report, the inventory of existing homes for sale in today's market is at a 4.2 - month supply. (mykcm.com)