Home Value Forecast: Gains in Inventory Slowing Down Housing Market
Monday, April 15th, 2019
This month, Home Value Forecast examines the recent speculation about a slowing of the housing market nationwide. Recent data and our monthly market report appear to support this conclusion.
Last year, 12.6% of markets had Months of Remaining Inventory (MRI) below three months, but that has reduced to 3.1% of the markets today. Another dramatic indicator is that two-thirds of the metros we track now have Months of Remaining Inventory between four and eight months, the range normally accepted as a healthy and balanced housing market.
In this month's report, we look at the MRI trends nationwide, as well as the month's Top Ten Hottest Markets.