03/25/2026
Wednesday inventory update: Listings increased slightly, but pendings increased slightly more which continued to narow the gap between the two. A little bit surprised by this given the rate environment of last week. Just a theory but this could be driven by people that had rates locked in before the spike having some urgency to buy before it expires or maybe the pent up demand is starting to finally break through. Only time will tell. Really curios to see what the next few weeks show