Good News for Buyers: 10 Cities Where the Number of Homes for Sale Is SoaringPosted by Grossman & Jones Group on
Today’s housing market is one of the strangest that many real estate experts have ever seen. After years of bone-dry inventory and sky-high demand that led to soaring prices, bidding wars, and a breakneck sales pace, the market is correcting—and rapidly at that.
In fact, the number of U.S. homes for sale is rising at the fastest pace in five years, up more than 200% since its lowest point this February, according to a Realtor.com® analysis. That’s great news for frazzled buyers who’ve been struggling over the past few years to find anything—anything—to buy. However, housing supply is still well below normal. The number of listings would need to nearly double to get inventory back to what had become normal before the COVID-19 pandemic—and even that…
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