The number of single-family homes for sale is on the rise along with home prices, indicating a “healthier real estate marketplace than a year ago and strong seller confidence,” according to realtor.com®’s National Housing Trend Report for April, which was released Wednesday.
For-sale inventories rose 14.2 percent in April compared to year-ago levels, while median asking prices rose 6.5 percent. The median list price was $207,500 nationwide in April, and the median age of inventory rose 6.2 percent compared to a year ago, averaging 86 days.
The following metros posted the largest increases in listing inventory in April compared to year-ago levels:
- Buffalo-Niagara Falls, N.Y.: +78.9%
- Orlando, Fla.: +78.2%
- Orange County, Calif.: +70.3%
- Bakersfield, Calif.: +66.5%
- Chattanooga, Tenn.-Ga.: +66.4%
- Melbourne-Titusville-Palm Bay, Fla.: +62.5%
- Riverside-San Bernardino, Calif.: +62%
- Minneapolis-St. Paul, Minn.-Wis.: +61.3%
- Fresno, Calif.: +60.7%
- Charleston-North Charleston, S.C.: +57.7%
Source: realtor.com®
