More homes being listed for sale expand buyers' choices and may help to moderate price increases.
from USA TODAY | by Julie Schmit | August 13, 2013
In July, the inventory of homes for sale nationwide was only down 5.2% from a year ago, Realtor.com says.
That's an improvement from January, when for sale inventories were down 16% from the year before, according to Realtor.com.
More markets are also seeing inventories grow.
The for-sale inventory was up year-over-year in 25 markets in July, compared to just seven in April, Realtor.com says.
Three of those were Riverside, Calif., where inventories were up 26% year over year; Atlanta, up almost 18%; and Sacramento, Calif., up almost 17%.
All three cities have seen rapid price appreciation in the past year, in part because of super tight inventories.
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