Trulia’s researchers observed a national increase in the number of available starter homes (up 3.5 percent year-over-year), the fastest annual growth rate in more than six years. But for D.C. buyers, the number of homes for sale was down in every category: Starter homes were down 28.1 percent, trade-up homes were down 33.3 percent, and premium homes were down 30.1 percent.
The cities with the biggest jump in inventory are primarily those with high housing costs such as San Jose, Seattle, Los Angeles, San Francisco and San Diego. Trulia’s researchers noted that there are more available homes because demand has slowed rather than because more homeowners have placed their homes on the market.
For the full report, visit trulia.com/research/inventory-and-price-watch-q1-2019.
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