A huge week for new listings gives us our first major inventory surge of the year. 23 homes were listed for sale last week, bringing our supply of single-family homes for sale up to 50. This will be a welcome sight for buyers, whose demand has been keeping pace with supply so far this year.
These next few weeks will be key to see just how strong buyer activity is. Is a higher inventory level is sustained, we may begin to see a longer average days on market total, which is already hovering around a month.
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