Housing Inventory Continues to Rise

Based on data from a national housing report, inventory levels are continuing to rise, with a two-month supply currently on the market.

This number hasn’t been seen in almost two years, which is good news for buyers. Other encouraging numbers show the housing market is becoming more balanced. For example, the median sales price decreased by 1.2% to $400,000. That’s down 6.1% from a high of $426,100 in June

However, this is still 6.7% higher than the year-over-year median sales price. The inventory of homes for sale also grew a staggering 30.4% year-over-year.2

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