Housing Market Cooling With More Homes Lingering On The Market


More homeowners are listing their homes for sale, but those homes are staying on the market longer. According to Zillow, new listings from home sellers jumped 13-percent in May from a year ago, and the overall number of homes on the market rose 22-percent compared with last year. About 40-percent of homes that were for sale in May had been listed for at least two months without going under contract. Despite the recent jump in supply, housing inventory is still 34-percent below pre-pandemic levels.

***Courtesy of Total Traffic News***

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