Where Are All the Home Sellers?
By Nick Timiraos
Inventories of homes listed for sale in January dropped by 6.6% from December to 1.77 million, the eighth straight month that listings have declined. For-sale listings are 23.2% below year-earlier levels and at the lowest point since the housing bust accelerated five years ago, according to data from Realtor.com.
All but one of the 146 markets tracked by Realtor.com had fewer homes listed than one year earlier, with Springfield, Ill., as the outlier.
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