At the same time, unsold inventory is up 20.8% year over year to 1.45 million homes. It’s a 9% rise compared to March. Months of supply hit 4.4, up 25.7% from one year ago and 10% higher than a month ago. Unsold inventory and months of supply are higher than at any point in the
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Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. There are fewer homes for sale now than a week ago. Inventory seems to have peaked for the season and is slowly inching down. There appears to be two reasons we’re seeing a seasonal peak in unsold inventory