Home inventory increases by 4% in May

While home prices continue to climb, the good news is that the number of homes for sale nationwide increased by 3.9 percent in May, only the fifth gain on a month-by-month basis in the last 2 years.

Within the fifty largest markets in the U.S., only six saw housing inventory fall from April. However, in keeping things in perspective, the number of home on the market is down 31.2 percent from May 2020.

According to analysts, most of the increase in inventory is due to an increase in new construction activity.

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