Is Housing Inventory Really So Low? – Ask Zillow

Although inventory appears to be sparse, Zillow reports that nationwide sales jumped in May 11.8% year-over-year and were up 4.3% from April. Los Angeles sales increased 12.7% from the prior year.

The perception paradox is that most of the inventory gains were in the middle and top one-third of home values; first-time buyers looking in lower-priced areas are still shut out.

Read the article in RE-Insider.

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Monique Bryher | Broker-Associate/Realtor® | A Specialty Real Estate Practice | | 818-430-6705

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