US New Home Inventory Surges While Prices Drop to 2021 Lows

A sharp increase in available single-family homes nationwide has pushed prices down to their lowest levels since 2021, contributing to a broader slowdown in residential sales activity.

25 Aug, 17:18 — 25 Aug, 17:18

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wolf-streetMixed4d ago

Inventory of New Single-Family Homes Jumps, Prices Drop to Lowest since 2021, Sales Sag

Inventory for sale rose in all regions, was near all-time highs in the South, spiked in the Midwest to the highest since 2008.

By Wolf Richter

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US New Home Inventory Surges While Prices Drop to 2021 Lows

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Inventory of New Single-Family Homes Jumps, Prices Drop to Lowest since 2021, Sales Sag

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