For-sale inventory increases for first time in three years
For-sale inventory increases for first time in three years
Abstract
The number of active listings rose 8% year-over-year in May, Realtor.com says. The largest increases were in the West and the South, in cities including Austin, Texas, and Phoenix, Arizona. Listings remain 48.5% below their May 2020 level, and price increases have accelerated in recent months. In an early sign, the rate of sellers making price cuts accelerated in May. The U.S. median listing price rose in May of $447,000.
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