The current housing market bifurcation, as told by one metric

The typical home listed for sale in the Rochester, NY metro area goes pending in 11 days, compared to 105 days in the Asheville, NC metro area.

[Map: Lance Lambert, created with Datawrapper; image: Adobe Stock]

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One of the ways I’ve been tracking shifts in the supply-demand equilibrium of local housing markets for years is by monitoring changes in active inventory/months of supply. If active listings begin to rise........

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