Homes for Sale Inventory Grows for First Time Since 2019 [Video]

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The inventory of homes for sale grew in May, with more new listings entering the market than in any other month since June 2019. Despite the increase in inventory, typical housing costs are expensive and fast-paced. The median home asking price is at a new all-time high of almost $447,000.

Sellers are fueling the turnaround in inventory. Despite rising prices, homes are still spending less time on the market than last year.