real estate

Inventory of unsold homes increased 7.3% nationally this month, Peoria follows suit

Residents struggling to afford new baseline of home prices

The national housing market has seen gains in inventory and median home price over the last month, and the local industry in Peoria is reflecting those gains.

The inventory of unsold homes nationally increased 7.3% to 1.32 million from June to July – equivalent to 2.6 months of the monthly sales pace, according to a recent report from the National Association of Realtors.

This is down 12% from one year ago, according to the report.

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Inventory of unsold homes increased 7.3% nationally this month, Peoria follows suit

Residents struggling to afford new baseline of home prices

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