The number of US homes for sale is slowly returning to normal: An ‘incredible trend,’ economists say

Homebuyers willing to brave today’s high mortgage rates might at least be delighted to find that they have plenty of homes to consider.

In the latest monthly housing report from Realtor.com®, the overall number of homes for sale in May marks seven months of growth.

“The biggest eye-catcher for me is the fact that inventory is rising sharply,” says Realtor.com senior economist Ralph McLaughlin. “There are 35.2% more homes on the market than this time last year, an incredible trend in the direction of normality.”