Available Homes For Sale Continues to Increase

According to Realtor.com, the number of available homes For sale continues to increase. In ventories of home for sale increased in March 2014 by 9.5 percent over one year ago. In addition, the median list price is $199,900 which is 5.3 percent higher than in March 2013.

Steve Berkowitz of Move, Inc says, “Having more homes on the market may mean more affordable prices for first-time and move-up buyers. Lack of inventory in 2013 led to intense competition, creating another barrier to home ownership. While inventory is still low, the continuing annual lift in the number of homes on the market that we’ve seen over the first months of 2014 is an indicator that buying conditions this year may be notably improved from the frenzied pace of last spring.”

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