National real estate website Zillow released a study Thursday that showed inventory restraints eased nationwide in the first half of the year.
The Metro Nashville numbers followed the trend and were down 16.4 percent year-over-year earlier this month, a less severe crunch than the 21.2 percent shortfall recorded in January.
Inventory of for-sale homes on Zillow improved by 4.8 percentage points between January and June, making up for January’s shortfall, Zillow reported.
Overall, year-over-year inventory levels improved in June compared to January numbers in 70 metros and in the nation as a whole, according to the survey. The greatest declines in the inventory were among bottom-tier homes in Metro Nashville, which fell 21.3 percent year-over-year in June.