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Good News: Housing Inventory on the Rise

Recently, news of the housing market has had little to do with anything but the apparent shortage of homes in the American market. In a much-needed turn of events, it seems that shortage is coming to a close, at least in higher-tier markets. 

According to realtor.com®’s Monthly Housing Trend Report, in July, the inventory of listings priced $350,000 and higher was up by 5.7%

“July inventory growth [was] in high-priced, competitive markets, and often at the pricier end of these markets,” says realtor economist Danielle Hale. “It’s not just California markets that have seen an increase in inventory; markets on both coasts and in the South reported inventory increases in July.”

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