Real Estate

House hunting this weekend? There’s more out there now

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A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022.

Frederic J. Brown | AFP | Getty Images

After more than two years of a historically lean housing market, listings are starting to rise − and swiftly.

Active inventory nationally jumped 33.5% in October from the same time last year, according to Realtor.com. That puts supply at the highest level in two years.

It’s not that sellers are rushing into the market; newly listed homes dropped 16% from a year ago, and pending listings are down 30%. But supply is growing because the homes that are on the market aren’t selling as fast as they did just six months ago.

The average number of days it takes to…



Source cnbc.com

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