Inventory continues to rise

Green Escrow Services | Adding value to home

Realtor.com reports that the number of real estate listings in June rose by 18.7 percent over a year ago, marking the second consecutive month that registered an increase. Nationwide, this amounts to 98,000 more homes for sale every day compared to 2021.

Of course, perspective is everything and three years ago in June 2019 there were more than double the number of homes that are currently for sale.

While sellers are looking to cash in while prices continue to rise, the increase in inventory should mean that buyers can be a bit more selective. in their choices.

More housing inventory on the way?

Green Escrow | Real Estate News

According to a recent survey by realtor.com, more homeowners are planning or considering putting their homes on the market this spring or summer. Despite rising interest rates and inflation, many would-be homebuyers are still interested in purchasing a home.

Millennials make up nearly half – 49 percent – of those looking to sell as many are feeling the effects of inflation and want to. move into a more affordable home