Inventory surged with boosts in both new listings and active listings. This influx of supply, coupled with steady demand from last year, has led to a rise in active listings. New listings soared by 34% compared to the previous year, matching levels seen in 2020. Meanwhile, pending listings, indicating demand, saw a modest uptick of 1.6% from last month, slightly surpassing figures from this time in 2023. Notably, the average days on market decreased by 10.3% compared to the previous month, now standing at 26 days.

Supply - Active Listings

Active listing inventory increased by 20.6% when compared to April 2024. This was an increase of 39.7% when compared to last year at this time.

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