For-Sale Inventory Remains Near Highs For Year

The fewer homes there are available for sale, the higher home prices will be. So far this year, tightening for-sale inventory has contributed significantly to the double-digit price increases seen in markets across the country. But, according to a new report from Realtor.com, there is evidence that inventory levels are beginning to rebound. In September, there were 1.94 million homes listed for sale across the country and, though that represents a slight decline from the month before, it is the third highest level seen this year. And, while for-sale inventory typically slows down following the summer sales season, this year’s dip was lower than usual. Also in the report, nine of the top 30 metro areas saw year-over-year increases in the number of homes available for sale. More here.

Comments are closed.