Record High Inventory Levels Impacting Home Prices, Zoopla Reports
Wednesday, 29 May 2024, 23:01
Market Update: Record High Inventory Levels
Zoopla recently reported on the current state of the housing market, highlighting a notable development in the number of homes up for sale. This surge in inventory has had a direct impact on the pricing trends in the real estate sector.
Stable House Prices with Increased Options
Home prices have remained steady due to the abundance of choices available to buyers, as pointed out by Zoopla's analysis. The year-on-year decrease of 0.1% in house prices is indicative of the balancing act between supply and demand witnessed in the market.
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