Tag Archives: Supply of Homes Keeping Pace With Sales

In 21 of the 24 major metro markets, new listings are outnumbering new sales contracts, according to the real estate brokerage ZipRealty in its latest market report. The supply of homes may “finally start to keep pace with frenzied buyer activity,” says Lanny Baker, ZipRealty CEO. In Los Angeles, for example, there were 16,170 homes for-sale from mid-February to mid-March. During that same time period, there were 9,533 homes under sales contract. However, new pending sales continue to outnumber new listings in Las Vegas, Raleigh, N.C., and Washington, D.C., according […]