U.S. housing supply rose 10% year-over-year but growth has slowed for nine months, with inventory 17.2% below pre-pandemic levels. Pending home sales increased 1.2%, aided by lower mortgage rates. Median list price held steady at $399,900, while price per square foot fell 1.6%. Inventory gains were modest across regions, with many metros moving further from pre-pandemic norms, signaling potential future price firming.
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