Housing Market 2024 Prices Reddit. We have inventory in our area, anything not in bottom 20% of home prices are sitting for months, but prices aren’t budging yet. Experts say that the combination of high mortgage rates, inflated home values and scarce inventory suggest that 2024 could remain a challenging year for the housing market.

Once prices come down and interest rates go down, the market will be flooded with speculative investors, which in some cities is nearly 50% of all new condos (toronto). We have inventory in our area, anything not in bottom 20% of home prices are sitting for months, but prices aren’t budging yet.