05/05/2026
The housing market just shifted.
Pending home sales are up 10% year over year, and the four-week trend is up 6.5%. After months of weak signals, there is real momentum returning to the market.
But the situation is still fragile. Mortgage rates have moved higher again, and buyer demand is not fully stable.
The most important factor right now is inventory. Total supply is only slightly higher than last year, and new listings are actually down. The expected inventory growth for 2026 has largely disappeared.
This matters because today’s home prices are driven by last year’s inventory levels. What happens next in supply could shape the 2027 housing market.
Is this the beginning of a real recovery, or just a short-term bounce?
Comment if you want a deeper breakdown of what this means for buyers, sellers, or investors.
Tim Allen Jr.
CØMPASS
DRE #01932798
Edward Massey
CØMPASS
DRE #01401863