Spring is typically the time of year when the housing market gets going. This year looks to be no different. In fact, according to a new analysis from the National Association of Realtors’ consumer website, there’s reason for optimism. That’s because the number of homes for sale – which has been one of the primary factors holding buyers back – is rising, and particularly in affordable price ranges. According to the numbers, the inventory of homes for sale on a typical day in February was nearly 15 percent higher than the year before and, for homes between $200,000 and $350,000, inventory was up 20.6 percent. Danielle Hale, the website’s chief economist, says the news has been good so far this year. “The first couple of months of 2024 have proven to be positive for inventory levels, as the number of homes actively for sale was at its highest level since 2020,” Hale said. That’s good news for spring buyers and especially those looking for an affordable home to buy. (source)
