Home Inventory Increases in Florida, Texas as Some Sellers Lower Prices

‘I think sellers are also adjusting expectations as buyers become more price conscious,’ the president of the MetroTex Association of Realtors said.

A townhome listed for $579,950 in Dallas. Courtesy of the MetroTex Association of Realtors

Some communities across Florida and Texas are seeing steady rises in home inventory, and sellers are even reducing prices in light of greater competition for a component of the American Dream.

A recent Realtor.com report indicates that 168,717 homes hit the market in February in the Sunshine State, representing record-high inventory numbers for two months in a row.