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Sunday, January 29, 2023

Housing Market: A Glimmer of Hope for Buyers as Inventories Rise

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A scarcity of housing stock has represented one of many largest issues confronting potential dwelling consumers throughout the covid pandemic. Now, some progress on that entrance has arrived. 

The stock of properties with lively listings jumped 8% in May from a yr earlier, Realtor.com experiences. More new listings entered the market in May than in another month since June 2019.

To be certain, active-listed inventories stay down — absolutely 48.5% from May 2020, about two months into the pandemic.

And the full variety of unsold properties slid 3.9% in May from a yr earlier. The whole quantity contains listings in numerous phases of the promoting course of that aren’t but bought. The dip was smaller than the ten.1% drop in April

Source: www.thestreet.com

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