Homes on the market rise 6 percent

No more split-second decisions. No more competing with a dozen or more different offers. This year, it’s a more homebuyer-friendly market, thanks to increases in options.

The number of homes on the market rose by 73,000 – or 6 percent – from the same time last year, according to Realtor.com. This has led to more price cuts in 39 of the 50 largest U.S. markets. The inventory build-up skews toward higher-priced homes, so first-time buyers seeking entry-level homes may run into more competition.

“Homes are still selling but definitely not at the pace as before, especially in markets that had been super-hot,” says Danielle Hale, chief economist of Realtor.com. “Many buyers will have more options for homes to buy, but it will still be a quick-moving market.”

Here’s where the number of for-sale homes is rising the fastest, based on February data from Realtor.com. Denver-Aurora-Lakewood, Colorado

Homes on the market: 11,270 Year-over-year growth: 155 percent Median list price: $462,025 Year-over-year change: -14.9 percent

“All appreciation we saw last year has disappeared. Price-wise, we’re where we were in November 2017,” says Dan Gerlock, a Coldwell Banker real estate agent. San Jose-Sunnyvale-Santa Clara, California

Homes on the market: 1,520 Year-over-year growth: 124.8 percent Median list price: $1,079,800 Year-over-year change: -10 percent “Starting in September, it seemed like homes were on the market longer and people had to do price reductions,” says Alexandra Stein, a real estate agent with Coldwell Banker.

Watertown-Fort Drum, New York

Homes on the market: 1,465 Year-over-year growth: 86.3 percent Median list price: $159,950 Year-over-year change: 8.7 percent Seattle-Tacoma-Bellevue, Washington

Homes on the market: 5,796 Year-over-year growth: 85.2 percent Median list price: $592,045 Year-over-year change: 12.2 percent

“We will finally see more high rises coming on the market in the mid to upper price range as well as luxury towers,” says Jennifer Johnsen Cameron, a vice president with Coldwell Banker Bain in Bellevue.

Boulder, Colorado

Homes on the market: 1,570 Year-over-year growth: 55.1 percent Median list price: $595,000 Year-over-year change: -6.8 percent

Lynchburg, Virginia

Homes on the market: 2,135 Year-over-year growth: 53.3 percent Median list price: $139,950 Year-over-year change: -38.4 percent San Francisco-Oakland-Hayward, California

Homes on the market: 4,754 Year-over-year growth: 52.8 percent Median list price: $890,050 Year-over-year change: -1 percent

Vallejo-Fairfield, California Homes on the market: 893 Year-over-year growth: 51.4 percent Median list price: $454,050 Year-over-year change: -1.1 percent

Provo-Orem, Utah

Homes on the market: 2,180 Year-over-year growth: 50 percent Median list price: $380,022 Year-over-year change: 2.7 percent Colorado Springs, Colorado Homes on the market: 2,124 Year-over-year growth: 48 percent Median list price: $384,950 Year-over-year change: -4.4 percent