Finally, More Houses Are for Sale — But the Supply Crisis Is Far From Over
By:
Leslie Cook
Leslie Cook
Editor, Real Estate | Joined November 2019
Has also written:
See full bio
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Editor:
Samantha Sharf
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The number of homes available for sale is finally improving, providing some hope for buyers burned out by an extremely competitive market.
During the week ending May 21, the inventory of homes for sale was 9% higher compared to the same week last year, according to new data from Realtor.com. That’s the largest year-over-year increase the listing site has recorded since it started tracking inventory in 2017. Encouragingly, it was also the second straight week of supply growth.
The inventory improvement is due in part to new listings, as well as to a fewer home sales.
