National active home listings increased 4.6% year over year, a significant slowdown from the previous 30.6% rise. Rising active listings and longer market times may signal price weakness, while rapid declines suggest seller strength. Since the 2022 pandemic housing boom ended, market power has shifted from sellers to buyers, varying by region. Markets with inventory above pre-pandemic levels saw softer price growth, while those below saw more resilience. Recently, supply-demand balance has stabilized nationally.
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