Some people are finally saying, okay, I will put my house on the market.

I'm David Brancaccio in New York.

Spring and summer, typically the high season for home buying and selling, but sales have been sluggish with interest rates running high and people

willing to sell running low. We'll get data in just a bit on how many newly built homes sold

last month. We already knew that existing homes fell 5.4% in June to the lowest level since

December and the typical price rose to a new all-time high almost 427 grand.

That said, more houses are trickling onto the market.

Marketplace's Samantha Fields has that.

2023 was a year of high mortgage rates and record low inventory.

2024 has been much of the same.

But Daniel Hale at realtor.com

says things are starting to shift.

There is an improvement in sellers deciding,

okay, now is the time, I'm going to list my home for sale.

What's behind that improvement partly time? I think the more time goes by the more

homeowners and sellers acclimate to the current rate environment.

When mortgage rates spiked, Ali Wolf Ed Zonda says a lot of homeowners put off selling.

But now it's been a couple of years. And if someone is retiring,

if someone is having a second child, if someone is getting married, they may need to sell their

home even if they are reluctant to reset their 3% interest rate.

But Wolf says even though inventory is higher than it was last year. It is extremely low

across the country relative to what we would consider normal.

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