More Bay Area homes now on the market, Zillow says

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SAN FRANCISCO, Calif. (KRON) – Some good news for home buyers, housing inventory is rising.

According to Zillow, people in the market for a new home are seeing more options popping up in their searches.

KRON4’s Michelle Kingston reports the demand for homes remains strong and prices continue to stay high.

Inventory rose by more than 3% across the United States for the second straight month in a row and that includes right here in the Bay Area.

“I think that wild west kind of market has settled down slightly, so I think we are seeing a better opportunity for buyers right now,” said realtor Jessica Lopez.

The housing market may be on the road to rebalancing after a long, crazy year of low inventory.

“The markets shifted a little bit. We are seeing a little increase in inventory. Average days on market has increased for the higher-priced points, so about 14-17 days on market versus maybe 5 days a few months ago. Things…

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