New Listings Fell Nationwide in April as Home Sales Declined in the West
Inventory dropped 3.2% extending a seven-month decline.
Troy analyzes real estate trends for Redfin’s research team. He previously worked as a consultant on data validation and visualization for the World Bank, an economist for the Bureau of Economic Analysis and an analyst at the Center for Labor Market Studies.
Email TroyInventory dropped 3.2% extending a seven-month decline.
National inventory continues to decline by 3.2%, clamping down on March home sales.
Inventory falls to record lows in Seattle, Portland, Louisville and other regions.
Demand has outpaced the supply of homes for sale since early 2015, when inventory began to drop sharply in many metro areas while home sales rose, growing nationwide by 9.7 percent overall last year.
The 2016 list is all about access to public transit, affordability and charm
Home sales remained strong with an increase of 13.4 percent over last July, and price growth jumped to 5.8 percent year over year, up from 4.6 percent in June.
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