By Diana Olick | CNBC
The only thing standing in the way of more home sales is the lack of homes for sale. In local markets across the nation, there are too few listings to meet the strong buyer demand. That means more competition, which drives higher prices. More homes usually come on to the market ahead of the spring season, but so far that is not the case.
“We are not hearing of any spike in seller movement,” said Lawrence Yun, chief economist at the National Association of Realtors. “We are just hearing of normal conditions — some sellers who need to move, so they’re putting their homes on the market, but nothing drastic.”
