Inventory – and prices – rise

While housing inventory remains extremely low compared with the pre-pandemic years (2017-2019) – down 37.8%, there is some good news for homebuyers.

Listings increased in November in 20 of the 50 largest metro areas compared with 2022. Leading the way were Memphis, TN (+25.1%), New Orleans (+25.0%) and San Antonia(+19.7%).

In the not-so-good news side of things, prices are rising as well led by Los Angeles (+23.1%), Richmond, VA (+16.4%), and Cleveland (+12.7%).

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