Markets & Economy

Revised data paints less rosy inventory picture

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There may have been fewer homes on the market nationwide during this year's spring buying season than last, according to revised figures from that paint a much different picture of inventory trends than previously provided by the listing portal. In May, reported that the inventory of homes for sale in April was up 14.2 percent from the same time a year ago. According to the revised data, inventory actually declined a hair in April, falling 0.06 percent from a year ago. An "anomaly” with’s back-end reporting system “caused some listings to be counted as for-sale inventory after they had been taken off the market," said spokeswoman Lexie Puckett. Consumers searching did not see those properties as listed for sale, Puckett said -- those homes were correctly identified as being off-market. Having addressed the problem in its monthly reporting system, now says the latest data show the number of fo...