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New Supply? Inventory Increases Bode Well For Spring Market

  • February 27th 2024

by UrbanTurf Staff

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1 Windy.jpg
A Capitol Hill home that came on the market this month. 

During the month of February, there have been some positive signs for homebuyers in the Mid-Atlantic. 

In their latest weekly report released Monday, Bright MLS reported that home sellers appear to be getting off the sidelines. 

"For the week ending February 25, there were 4,866 new listings in the Bright MLS service area, up 6.9% from last year at this time," the report revealed. "This is the fourth consecutive week where new listings have exceeded numbers from the same period last year, a good sign for inventory as listing activity continues trending above last year."

While the data isn't specific to the DC region, it does come as welcome news. The number of homes on the market in the region in January compared to last year was down 5%, as home prices rose 7%. 

Photo Courtesy of Carl Bruce/ Struxture

This article originally published at https://dc.urbanturf.com/articles/blog/new_supply_inventory_increases_in_home_listings_bode_well_for_spring_market/22015.

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