Days on market, pending sales, and inventory move on different clocks. Pending sales reflect decisions made weeks ago. Inventory reflects what is available right now. Days on market reflects how long the current mix has been waiting, which rises both when demand cools and when harder to sell homes make up more of what is listed.
The reports here separate those clocks so a single rising or falling number does not get treated as the whole market turning.
Every figure on this topic is reported with its source and its measurement window. See how we measure and our editorial standards.
June closed-price measures remained broadly stable while the newer pending-sales reading suggests softer buyer commitment, and that is not a forecast of falling prices.
The goal is not to eliminate every tradeoff. The goal is to know which ones you are comfortable living with.
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