Stage is Set for Competitive Spring Home Buying Season
News Corporation - Class A (NWSA)
Last news corporation - class a earnings: 2/6 04:45 pm
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Source: PR Newswire
SANTA CLARA, Calif., March 5, 2020 /PRNewswire/ -- The U.S. housing market continued to tighten in February as the inventory of for sale homes saw additional listings evaporate and home prices rose, according to realtor.com®'s February Housing Trends Report released today. The continuation of these trends could signal a competitive spring homebuying season on the horizon. Based on realtor.com®'s analysis, national housing inventory declined 15.3 percent year-over-year last month, while the median U.S. listing price grew by 3.9 percent, to $310,000. February's inventory decline, which amounted to a loss of 184,000 listings, was the largest year-over-year decline since realtor.com began tracking inventory data. To view the complete February Housing Trends Report, which includes additional insights and metro level data for inventory, median listing prices, days on market, and share of price reductions, click here. Twenty-five of the nation's 50 largest metros saw the number of homes f
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