NEW YORK (CNNMoney.com) -- The number of homes for sale was on the rise again in April, according to figures from Zip Realty, a California-based real estate broker.
Nationally, inventories expanded 3.5% last month in the 29 major markets that the company tracks, and were up 6% over the same period last year.
"Inventories in some cities may be topping out," said Michael Larson, a real estate analyst with Weiss Research. "But this shows that sales are still weak."
Even some markets that used to be considered bulletproof have seen inventories grow. Twelve months ago, Seattle had a fairly small number of homes for sale. But inventory there has since spiked 45.9% to 36,632.
The number of homes for sale in San Francisco rose 23.8% and Washington, D.C. inventory increased 18% over the same 12 months.
Nationally, inventories expanded 3.5% last month in the 29 major markets that the company tracks, and were up 6% over the same period last year.
"Inventories in some cities may be topping out," said Michael Larson, a real estate analyst with Weiss Research. "But this shows that sales are still weak."
Even some markets that used to be considered bulletproof have seen inventories grow. Twelve months ago, Seattle had a fairly small number of homes for sale. But inventory there has since spiked 45.9% to 36,632.
The number of homes for sale in San Francisco rose 23.8% and Washington, D.C. inventory increased 18% over the same 12 months.
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