Active for-sale housing inventory ticked up 18.7% year over year, the fastest annual pace recorded, while national median listing prices also hit historic highs.
The median home in the US was listed at $450,000, according to Realtor.com's monthly housing trends report for June released this week. That's a nearly 17% increase over June 2021 numbers and a 38.5% uptick over June 2019.
But "at the same time, a number of June trends indicate that sellers are beginning to compete for fewer buyers who have more options," the company notes. "Both active and pending listing prices posted smaller yearly gains than last month, while the share of total inventory with price reductions increased."
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