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Home Inventories Rise 14% Nationwide

Report: Inventories Rise 14% Nationwide


 






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: 



  1. Buffalo-Niagara Falls, N.Y.: +78.9%

  2. Orlando, Fla.: +78.2%

  3. Orange County, Calif.: +70.3%

  4. Bakersfield, Calif.: +66.5%

  5. Chattanooga, Tenn.-Ga.: +66.4%

  6. Melbourne-Titusville-Palm Bay, Fla.: +62.5%

  7. Riverside-San Bernardino, Calif.: +62%

  8. Minneapolis-St. Paul, Minn.-Wis.: +61.3%

  9. Fresno, Calif.: +60.7%

  10. Charleston-North Charleston, S.C.: +57.7%


Source: realtor.com®





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