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Inventories Are Down, and Prices Are Up in Most Markets

By October 30, 2014 One Comment

Inventories Are Down, and Prices Are Up in Most Markets

According to Realtor.com, listing inventory is down almost 3% from a year ago,

with a median price increase of almost 8%. Among the top cities with dwindling inventory, Las Vegas, Nevada led the pack with a drop of 37.9% drop from last year (17.4% price increase), followed by San Jose, California with a drop of 36.2% (10.5% price increase) and Columbus, Ohio with 29% (6.7% price increase).

 

Inventory increased in 40% of markets studied by Realtor.com. Honolulu, Hawaii jumped up 27.5% from last year (though prices still increased by 7.2%), followed by Orlando, Florida with 25.8% (no price change) and Miami with 22% (with a 6.4% price increase).

 

Of the 144 markets tracked, only 8 saw median price declines.

 

http://www.inman.com/2014/10/20/fewer-homes-for-sale-in-most-markets/

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