More Homes Hit the Market in Time for Spring

Inventories of homes for sale have increased 10 percent
year-over-year, signaling growing seller optimism and a strong, early
start to the spring home-buying season, according to realtor.com®’s
latest National Housing Trend Report, which tracks 146 markets.


The median list price edged up 76 percent higher in February compared
to year-ago levels. The nationwide median list price is $199,000,
realtor.com® reports. The median age of inventory also rose 6.5 percent
year-over-year to 114 days.




“Overall, these figures indicate a continued reinforcement of steady
gains and market stabilization that we’ve been watching since late last
summer,” says Steve Berkowitz, CEO of Move Inc. “Seller confidence is
the factor to watch as we head into the spring home-buying season, and
these are very encouraging indicators—not only are more homes coming
onto the market, but typically we don’t see a rise in asking prices this
early into the year. This is the market these sellers have been waiting
for.”