Housing Inventory Stepping up to Bat
Going, going, and…..still going.
Housing inventory has seen a rise for the third straight month, but it hasn’t been a huge cause for celebration – at least, not yet.
In November, there were 1.6 million homes on the market – a rise of .4% from a year earlier. A rise in inventory is always good, but it is still well below the 1.96 million homes for sale back in December of 2014.
And because the past four years has seen inventory declines – the real estate market will gladly take these gains – however slow they might be.