Housing inventories were back on the rise in August, relieving many markets that had seen a tight number of homes for sale at the beginning of this year despite rising demand among buyers. More sellers are testing the market as price gains the past year give them more confidence.
Housing inventories were just 2.5 percent below levels from a year ago, in its latest housing report released Thursday, which includes sale listings from more than 800 multiple-listings services nationwide. In February, housing inventories had reached a low point, but are now up more than 24 percent from that time. August marked the sixth consecutive month for increases in inventories. 
No comments:
Post a Comment