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Inventories Rise Along With Prices

Inventory shortages which have plagued many housing markets over the last few months may soon be coming to an end and inventory levels are on the rise nationwide, according to a recent report from®. As the prices of home for sale are on the rise, more sellers are willing to enter the market, leading to more options for home buyers.® reported that 1.96 million homes were up on the market in June, the highest number since last September.

The markets with the largest rises in the number of homes for sale compared to one year earlier were:

•Atlanta: +17.9% year-over-year

•Sacramento, Calif.: +16.7%

•Los Angeles: +6.8%

•Orlando: +2.8%

All four markets have also posted strong increases in home prices over the past year,® reports.

“At the current pace of sales, the supply of homes for sale is still very low, suggesting price gains are likely to continue,” The Wall Street Journal reports. “But the months supply is up slightly in a growing number of markets. This could actually boost sales — a major complaint of home shoppers and their real estate agents is that there’s a shortage of attractive homes being offered for sale.”

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Tags:- real estate news   homes for sale   Inventories Rise   Housing Market   Inventory shortages