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Housing Inventory Is Creeping Back Up. Here’s What Buyers And Sellers Need To Know

Home buyers have been struggling over the past year and change due to a number of factors, including sky-high home prices and a glaring lack of real estate inventory. Unfortunately, the first issue continues to be a problem in today’s housing market, as the National Association of Realtors (NAR) reports June’s median home sale price as $416,000 — a new record high.

But the second issue — a lack of housing inventory — may finally be easing. There were 1.26 million unsold homes as of the end of June, according to the NAR. That represents a 2.4% increase from June of 2021 and a 9.6% increase from May.

Of course, an uptick in housing inventory is very good news for buyers. But for sellers, it might raise a red flag, and understandably so.

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This post originally appeared at The Motley Fool.