/cloudfront-us-east-1.images.arcpublishing.com/dmn/MQ4KITLPQJAABF26ZFI2BXT6VE.JPG)
Nationwide, there are 22% fewer homes for sale than a year ago. And in the Dallas-Fort Worth area, property listings with real estate agents are down more than 18% from this time in 2019, according to a new report from Realtor.com based on data as of May 23.
There have been slight increases in homes coming on the market. Last week new home sales listings nationwide were down 20% year-over-year. A month ago, new listings were down more than 40% from a year earlier as COVID-19 caused sellers to pull back.
“Weekly data shows we have taken the first step in the process of returning to healthy housing conditions: getting buyers and sellers off the sidelines,” Javier Vivas, Realtor.com’s director of economic research, said in the report. “The improvement in new listings this week is a sign the market is on its way to recovery, but the deficit in total inventory will be a drag on sales.
“Many buyers are ready and itching to get back on the market, so the faster we see sellers return, the faster home sales will recover.”
Read the rest of this story here: https://www.dallasnews.com/business/real-estate/2020/05/28/home-sales-listings-are-still-lagging-as-property-shoppers-return/
