U.S. home listings increased for the first time since June 2019, according to Realtor.com data, suggesting house hunting hit a turning point last month.
”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data.The number of homes for sale rose nationally on a year-over-year basis for the first time since June 2019, with some of the biggest gains coming in California markets.Top line
The number of active U.S. listings rose 8% year-over-year in May, probably driven by new sellers and a slowdown in would-be buyers deterred by high prices, Realtor.com said in a report Thursday. Listings were down 12% year-over-year in April. The largest increases in new listings were in the West and the South. Among the 50 metro areas tracked, the year’s largest jump in homes on the market was in Austin , then came Phoenix , Sacramento and the Inland Empire .Here’s what happened in California in May — and how that activity stacked up nationally, ranked by the size of listing increases within the state …Median listing price: $649,000 — No. 9.No. 2 Inland EmpireYear’s price change: Up 14.2% — No. 24.Active listings: Up 32% — No.
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