Top 10 metros with greatest drop in for-sale inventory
Realtor.com: Spring buying season shows promise
By Inman News, Tuesday, April 17, 2012.Location: Miami
| Year-over-year for-sale inventory change | -42.34% |
| Median list price | $269,000 |
Lounge chairs on South Beach in Miami via Shutterstock
...CONTINUED
Copyright 2012 Inman News
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
You must login or register to post a comment.
Submitted by Alyssa King on April 17, 2012 - 8:01pm.
Fantastic news for California and Florida. Goodness knows they've been waiting for this kind of turn around for quite some time!
Alyssa King
PflugervilleRealEstateMarket.com
Vox Austin Real Estate
Submitted by Claire Lawson on April 21, 2012 - 9:18am.
Glad to hear it making headlines. Although we're not on this top 10 list San Diego is feeling it too !
Claire Lawson
Century21 Award
San Diego, CA
Submitted by Tracy Sichterman on May 10, 2012 - 1:16pm.
For those who think this is good news, it isn't. The lack of inventory is further evidence of an ailing market. Many sellers feel stuck in their current situation, becase of many factors. (See: http://www.berkhills.blogspot.com/2012/05/buyers-are-back-but-where-are-...) In the meantime prices are going up, and buyers in my area without cash or large down payments are squeezed out in the competition. In the SF Bay Area it is not unheard of to have as many as twenty offers on one property.
Submitted by Wei Min Tan on May 14, 2012 - 8:58am.
The Manhattan market is having a buying frenzy now, driven by the drop in inventory. Many are paying at or above asking. Wei min, www.wealthre.blogspot.com