Erdmann Housing Tracker • 21 implied HN points • 26 Feb 25
- Home sales are still slow following the effects of Covid-19. Many people are still hesitant to buy homes right now.
- The number of homes for sale is high, which relates to the inventory levels seen in 2008. This suggests a potential oversupply in the market.
- The months of supply for homes on the market are also very high, indicating that it may take a while for the market to balance out.