07/06/2025
For buyers, increased inventory (now at 9.3 months’ worth, the highest since 2022) means more choices and potentially better negotiating power. Builders may offer incentives like closing cost assistance, rate buydowns, or upgrades to move inventory.
For sellers, while the slowdown may seem concerning, it can actually benefit those who position their homes well. With fewer buyers in the market, resale homes that are move-in ready, competitively priced, and located in desirable areas may stand out even more as buyers weigh their options.
Sales of new U.S. single-family homes fell by the most in nearly three years in May as high mortgage rates and rising economic uncertainty sapped demand, lifting the supply of unsold houses on the market to the highest level since late 2007.