Housing Market Slows as Supply Surges and Sales Decline
Originally Published 6 months ago — by Wolf Street
Condo and single-family home sales have plummeted to historic lows, with condo sales hitting the lowest since 2012 and inventory reaching levels not seen since the housing bust, driven by a sharp decline in demand due to skyrocketing prices that have become unsustainable, leading to significant price drops in many major cities.