Industrial How has the US housing market been trending in recent weeks?

With Covid-19 leading to social distancing, large-scale layoffs, and economic uncertainty, the US housing market has weakened.

17 Apr 2020
  • The y/y change in median days on market of exits indicates exits from the market have increased since mid-February. The trend picked up again in mid-March.
  • Median prices were higher than a year ago in the first two months of 2020, but the increase slowed sharply in the week ending March 14.
  • Inventory levels remain lower than last year, though the decline has been slowing.

Change in Median Days on Market of Exits (y/y)

Source: UBS Evidence Lab

Change in Median Price (y/y)

Source: UBS Evidence Lab

Change in Inventory (y/y)

Source: UBS Evidence Lab