July 2024 - Buyer Market Updates
Inventory Growth & Lowest Buyer Demand by Major Metro
Large Metros are defined as markets with active inventory of 500 homes or more.
Market Features: These metros also have a market strength of less than 0.40 and a YOY inventory increase of at least 50%.
You can see the effect these 2 market features have on median DOM (days on market) & price reduction count.
Data provided by: Realtor.com® Economic Research
Full Dataset Here (This data is dynamic and updates every month, so the cities may be different. if you are reading this after July 2024.)