There are more homes on the market, but that’s not necessarily good news for buyers

Good news for home buyers: More homes are now available for sale. Unfortunately, you may need to be a millionaire to afford them.

Nationwide, there were 1.32 million active home listings in February, up 6% from a year ago, according to data from Realtor.com. This marked the fifth consecutive month when housing inventory has increased — and this uptick in the number of homes for sale has especially benefited larger markets.

Cities like Denver and San Jose have begun to see some relief when it comes to the low number of homes for sale. Those inventory constraints had helped drive prices skyward, pricing many would-be home buyers out of the market.

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