Barron's

More houses are hitting the real estate market this spring. That's slowing price gains—making it easier to buy a home.

Nationally, there are still fewer previously-owned homes listed for sale than there were before the pandemic, National Association of REALTORS® data show. However, that’s no longer the case in a growing number of metropolitan areas: It’s a notable shift in a housing market that has long been hurting for supply.

When it comes to lower prices and discounts, location matters—as does the type of unit available. Condos in the south are selling for prices 4.5% lower than they were last year amid an “oversupply” in the market, National Association of REALTORS® chief economist Lawrence Yun said last week.

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