06/06/2026
๐ฃ Sellers โ the data just shifted in your favor. Here's what happened this week.
For the first time, housing inventory flipped negative year-over-year.
That's a big deal โ and here's why it matters if you're thinking about listing:
- Inventory: 795,921 homes available vs. 803,479 this week last year โ LESS competition for you
- New listings at 71,249 this week โ still well below the historical norm of 80,000โ100,000/week
- Pending sales: 69,215 in 2026 vs. 68,071 in 2025 โ buyers are actively writing contracts
- Purchase apps up 5% YoY โ a healthy 30โ90 day pipeline of buyers is entering the market
- Price cuts at 36.88% vs. 38% last year โ pricing discipline is being rewarded right now
- Mortgage rates at 6.56% have held below 7% all year โ demand hasn't broken
Not long ago, inventory growth was running +33% year-over-year. That tailwind for buyers is now gone.
Demand has held firm even as rates rose from 5.99% to 6.75% this year. Buyers are motivated, inventory is tightening, and the sellers who price accurately and list now are stepping into one of the most favorable supply environments since 2023.
Multiyear-high inventory still means buyers have options โ so condition and pricing still matter. But the trend is moving your direction.
Want a personalized read on your local market? Let's connect. ๐