Zillow’s October Real Estate Market Report states that the number of home for sale in the United States increased by 3 percent last month, compared to the same period in 2017. This is the first increase in home inventory in nearly four years.
Many of the country’s hottest markets saw the biggest increase in inventory, led by San Jose where 1,500 were added to the market in Ocotber. San Francisco, San Diego, and Seattle also saw significant increases in homes for sale.
Home value appreciation remained steady in October at 7.7 percent.