1104 ET - The U.S. housing market is staging a comeback, but the rebound is sharply divided, according to Realtor.com. The number of homes for sale in the U.S. topped 1 million for the first time since 2019, but only metros in the South or West have fully returned to pre-pandemic inventory levels. The Northeast and Midwest remain stuck in a supply squeeze. All 50 of the largest U.S. metros posted annual inventory gains in May 2025. Newly listed homes rose 7.2% year-over-year. But these increases haven't translated into a hot spring buying season. Homes took a median 51 days to sell, six days longer than last year, and price cuts rose for the fifth straight month. (chris.wack@wsj.com)
(END) Dow Jones Newswires
June 05, 2025 11:04 ET (15:04 GMT)
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