Real's February Agent Survey: Inventory Rises as Listing Times Lengthen
1. Rising housing inventory leads to longer listing times and price reductions. 2. Agent Optimism and Transaction Growth indexes moderated but still remain elevated.
1. Rising housing inventory leads to longer listing times and price reductions. 2. Agent Optimism and Transaction Growth indexes moderated but still remain elevated.
Increased inventory and longer listing times suggest a cooling market. Similar trends in past housing downturns negatively impacted real estate stocks.
Inventory changes are critical for REAX's performance metrics, impacting stocks in a downward market.
Immediate corrections in inventory can affect short-term sales volumes and pricing. Historical patterns show quick market reactions to inventory changes.