CoronavirusReal Estate

No, we’re still not in a housing inventory crisis – Here’s proof

Amid COVID-19, housing demand dropped alongside inventory

One of the bigger surprises of the COVID-related financial and health crises is that existing home inventory fell along with demand. 

American housing bears expected monthly existing home supply to skyrocket and home prices to drop when demand fell during the stay-at-home period of the crisis.

But as home sales fell, so did inventory. Home prices not only held firm, but the median sales price increased by 7.4% year over year.

June 1 Inventory
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