The housing market continued its upward trend in April, with the number of actively listed homes increasing significantly compared to last year. Inventory grew by an impressive 30%, marking the sixth consecutive month of year-over-year growth. This steady rise in available homes indicates a shift toward a more balanced market, providing buyers with more options than they had in previous months.
Additionally, home sellers were more engaged in April, with 12% more properties hitting the market compared to the same time in 2023. This increase in new listings suggests that more homeowners are feeling confident about selling, possibly due to stabilizing interest rates or strong buyer demand. Together, these trends point to a market that is gradually loosening up after a prolonged period of low inventory.
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