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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In this issue:
Renting Is Overtaking the Housing Market
Weekly Mortgage Applications Rise As Rates Pull Back
US New Home Sales Soar to Highest Level in 10 Years
Senate Version of Tax Bill Saves Mortgage Interest Deduction but Realtors Still Unhappy
Homebuilder Confidence Rises to 8-Month High
Foreclosure Crisis Lurks in Hurricane Damaged Areas
Fannie Mae Launches Program to Help Boost Homebuilding
Facebook Announces New Features for Home Sales
8 Markets Where Housing Inventory Is Actually Increasing
Three Facebook Updates That Affect the Way You Advertise Your Real Estate Business
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