Housing inventory increasing

Realtor.com is reporting that home listings rose for the first time since June 2019 with an increase of 8 percent. While this trend is most welcome, it must be remembered that inventory is still less than half compared to pre-pandemic numbers.

Higher mortgage rates have removed some homebuyers from the market, thus giving those who remain greater choices. Andy buyers are still moving fast with homes selling a full 6 days faster than a year ago.

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