Data from realtor.com reveals April home inventories are up a robust 14.2 percent compared with April 2013.Median list price rose by 6.5 percent to $207,500 compared to last year. Median age of inventory is 86 days which is a 6.2 percent increase compared to a year ago.
The combination of median list price rising above $200,000 and a double-digit home inventory increase is an indication that the marketplace is becoming more balanced.
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