Seattle Homebuyers benefit from growing Inventory

Real Estate

Buyers in some of the hottest housing markets may finally have an advantage over sellers as the U.S. housing market continues to cool.

Seattle, Salt Lake City, San Francisco and San Jose, California, reported the biggest gains in inventory in the first quarter, according to Bloomberg, citing Trulia data. In San Jose, inventory rose 55 percent year over year.

Inventory fell nationwide, but grew in over half of the country’s top 50 metros, including in Los Angeles, Denver and Nashville. Even though the number of homes jumped in San Jose during the first quarter, they were only on the market for an average of 57 days.

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