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Inventories on the Rise as Sellers Join the Market

Many of the markets that were experiencing a tight inventory of homes for sale at the beginning of the year saw some relief in August, as housing inventories were back on the rise.A larger number of sellers are entering into the market as rising prices over the past year give them more confidence.

In February of this year, housing inventories had reached a low point, but have risen more than 24 percent from that time. August marked the sixth straight month for increases in inventories.

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