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Housing data for March 2023 shows inventory still at historical lows

https://www.housingwire.com/articles/housing-inventory-still-near-record-lows/

Key points of article in case no one wants to read: Housing inventory in the U.S. remains near record lows

High demand and low supply continue to drive up prices

Experts predict a slow recovery in inventory levels

U.S. housing inventory remains scarce, with only a 2.6-month supply available

Home prices have increased by 13.2% in the past year due to high demand and low supply

First-time homebuyers struggle to find affordable housing options

Experts believe housing inventory will slowly recover but could take years to reach pre-pandemic levels

Factors contributing to low inventory include increased construction costs, labor shortages, and supply chain disruptions

submitted by /u/Koldcutter
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source https://www.reddit.com/r/RealEstate/comments/12xfgtr/housing_data_for_march_2023_shows_inventory_still/
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