Housing Inventory Grows for Third Straight Month
Zillow Group, Inc. - Class C Capital Stock (Z)
Last zillow group, inc. - class c capital stock earnings: 8/6 04:06 pm
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Source: PR Newswire
SEATTLE, Dec. 20, 2018 /PRNewswire/ -- After nearly four years of annual declines in inventory, the number of homes for sale has now increased year-over-year for three straight months, according to the November Zillow® Real Estate Market Reporti. That's a bit of good news for home shoppers who face less competition as homes stay on the market for longer. But inventory levels are still well below where they were five years ago, and small increases have yet to meaningfully reverse those deficits. A year ago, inventory fell 9.1 percent on an annual basis. Some of the markets that previously were among the hottest in the country are seeing the biggest increases in available homes, but these are also the places where restricted inventory created more competition for potential buyers. Meanwhile, the number of homes available to buyers in Kansas City, Las Vegas, and Washington, D.C., fell at a double-digit pace in November, a sign that the inventory recovery has not reached every market. "Af
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