After nearly four years of annual declines in inventory, the number of homes for sale has now increased year-over-year for three straight months.
That’s a bit of good news for home shoppers who face less competition as homes stay on the market for longer. But inventory levels are still well below where they were five years ago, and small increases have yet to meaningfully reverse those deficits. A year ago, inventory fell 9.1 percent on an annual basis.
Some of the…