After two years of sluggish home sales held back by low inventory, February notched its highest level of inventory since before the pandemic. “We are making progress down the road to recovery,” said Jordan Levine, chief economist for the California Association of Realtors. So far, the increase in inventory, which was up 52% year-over-year in
Listen to this article The Lehigh Valley in February saw rising home prices, tight inventory, and economic uncertainty and these factors are shaping housing market conditions heading into the spring season according to the latest report from the Greater Lehigh Valley Realtors. “As consumers navigate inflation, rising costs, and shifts in government policy, many are
Since the COVID-19 pandemic began nearly five years ago, the number of houses for sale in the Bay Area and across the country has been at historic lows while demand from buyers has been relentless, pushing home prices to record levels. But new data out this week shows the number of homes for sale in the
The Berkshires led the statewide rise in single-family home sales last month. In January, 29 percent more single-family homes sold in the Berkshires than a year prior, and the median sale price increased 7.4 percent year-over-year to hit $330,650 countywide, according to a new report from the Warren Group. When Sandra Carroll, CEO of the
Lancaster County homebuyers have an increased opportunity to find a home as inventory continues to rise. According to the Lancaster County Association of REALTORS, inventory in July increased 8.5% in July compared to June and 14.9% compared to a year ago. Jeff Peters, president, Lancaster Association of REALTORS, said, “The increase in inventory wasn’t exclusively