Between September 2018 and February 2019 we saw a moderate gain in home inventory prior to home shopping season, following a solid 44 months of consecutive inventory decreases. Some speculated that this perhaps meant that the number of people choosing to list their homes had at last begun to rise.
Unfortunately, this was not apparently a result of new listings going on the market—which would have indicated new sellers. Rather, the key metric at that time was that buyer demand had begun to fall off a bit due to a sustained period of rapid price growth, which resulted in a mild case of “buyer burnout” leaving housing listings on the market longer. An effect of this was a slight softening in the rise of housing prices.