Housing Market Inventory Surges as Interest Rates Remain High
Posted by Cary W Porter on
- New Inventory Increased by 35.1% compared to 2024
- The number of homes for sale increased 44.6% year-over-year
- Mortgage Rates are currently at 6.95%
- Inventory expected to hit near a decade high by May-June
Traditionally a quieter month in the winter season, January’s activity continued the year-over-year growth trends observed in market activity over the last twelve months. NWMLS brokers added 6,693 new listings to the database in January 2025, an increase of 35.1% compared to January 2024 (4,954). The number of closed sales increased by 10.8% year-over-year (3,727 in January 2025 compared to 3,364 in January 2024),
“For-sale inventories are continuing to rise from historical lows, and that’s…
320 Views, 0 Comments