Insight
Total housing inventory is down 5.9% from October and up 7.5% from November 2024. This suggests a tightening market.
Existing home sales hit 9-month high with inventory at 1.43M units
Summary
Existing home sales are at a nine-month high, driven by lower mortgage rates. Inventory growth is stalling, but the market remains healthier than it was in 2008. Hosts should watch for shifts in the housing market, as they can affect the overall STR landscape.
Key takeaway