Rising Demand in Specific Housing Markets

Active inventory in the housing market has been increasing since 2022, with November 2024 reporting the highest number of residential listings since January 2020. This increase suggests that sellers are more willing to enter the market despite previous apprehensions regarding high mortgage rates. Some key markets identified with strong demand include Lancaster, Pennsylvania, and Canton, Ohio, where homes spend a notably low number of days on the market. The data indicates a correlation between low supply and high demand in these areas, reflecting a potential shift in buyer sentiment.