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Home sales hit lowest level in 14 months as inventory nears 7-year high

A decline in demand has left more homes for sale on the market, pushing inventory to nearly a 7-year high.

Reported · Written up by our desk · Residential

According to MarketWatch, home sales fell to the lowest level in 14 months even as inventory climbed to nearly a 7-year high.

The outlet said the key driver was weak demand, which has left more properties available for buyers.

MarketWatch also noted that inventory reached its highest levels in years, even as sales fell, underscoring a market slowdown rather than an improvement in buyer activity.

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