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The number of available homes has decreased, year-over-year, for 12 months in a row
After a steep drop in home sales, homebuyer demand is rebounding, but not for high-priced homes
While new listings are down for all price tiers, entry-level buyers face a trifecta of higher prices, fewer available homes, and having to offer above list price to get the home they want
What would the increases mean to the typical buyer's monthly household budget?
Active demand has seen double-digit decreases over the last 12 months, and that buyer pullback is driving a market slowdown even as new listings fall
With comparatively high inventory and affordable home prices, these metros are prime homebuying locations for first-time house hunters in 2023
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