Newly listed homes have grown for two months in a row with smaller units leading the way, according to Realtor.com's Monthly Housing Report.
More new sellers entered the market in July (+6.5% year-over-year), more than June's 5.5% increase year-over-year, said the trade group, noting newly listed homes typically decline from June to July, but this year they held steady at -0.6% over June.
In a move that should help first-time buyers, the share of smaller homes for sale (those between 750 and 1,750 square feet) increased in July to 36.3% from 30.2% a year earlier.
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