AI Data Insight
In Q3 2026 (the latest observation point), U.S. existing home sales inventory recorded 1.60 million units, a slight drop from the previous 1.62 million units, but remained stable at a relative high in recent years. Persistently high mortgage rates have led to weak home-buying demand, driving the inventory clearance cycle to a near 10-year high. The existing home market continues to present a rigid pattern of "shrinking volume, stable prices, and inventory backlog."