February Brought More Affordable Listings To The Market
As sellers are forced to adjust to the housing market’s new normal, more affordable inventory is cropping up.
The share of available homes in the $200,000 to $350,000 price range saw the biggest growth of any price category in February, up 20.6% YOY, Realtor.com reported.
Though inventory remains tight, money-minded buyers may see an uptick in affordable homes as they shop this spring.
Inventory overall saw a boost last month, with the number of homes actively for sale on a typical day up 14.8% from last year.
This is the fourth straight month of annual inventory growth.
“The first couple of months of 2024 have proven to be positive for inventory levels, as the number of homes actively for sale…