Eight Markets Where Housing Inventory Is Actually Increasing
Four of the eight national housing market regions are actually experiencing month-to-month declines in home inventory ranging from a fraction of a percent to almost 11 percent. However the other half is experiencing month-to-month increases in the supply of available homes for sale ranging from 4 percent to 11 percent.
Here are 8 markets where housing inventory is actually increasing:
- 8. Allentown, Pa.
Total Inventory: 3,455 (2.50 percent)
Homes Sold: 711 (-9.8 percent)
Median Sales Price: $186,000 (9.40 percent) - 7. Nashville, Tenn.
Total Inventory: 9,664 (2.70 percent)
Homes Sold: 3,050 (-6.00 percent)
Median Sales Price: $268,000 (7.20 percent) -
6. Dallas, Texas
Total Inventory: 13,147 (4.10 percent)
Homes Sold: 4,658 (-3.00 percent)
Median Sales Price: $279,000 (8.20 percent) -
5. St. Louis, Mo.
Total Inventory: 13,868 (4.80 percent)
Homes Sold: 3,305 (-3.90 percent)
Median Sales Price: $168,000 (1.80 percent) -
4. New Orleans, La.
Total Inventory: 6,155 (7.50 percent)
Homes Sold: 1,004 (-6.30 percent)
Median Sales Price: $202,200 (12.30 percent) -
3. Austin, Texas
Total Inventory: 7,501 (8.80 percent)
Homes Sold: 2,329 (-0.90 percent)
Median Sales Price: $290,000 (3.90 percent) -
2. Baton Rouge, La.
Total Inventory: 3,346 (12.90 percent)
Homes Sold: 807 (-20.30 percent)
Median Sales Price: $205,000 (8.00 percent) -
1. Raleigh, N.C.
Total Inventory: 7,771 (16.10 percent)
Homes Sold: 2,022 (2.00 percent)
Median Sales Price: $265,000 (6.90 percent)
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