home inventory: Inventory Down, Prices and Unit Sales Up in 2017
- 01/23/18 02:10 PM
The Mortgage Bankers Association has reported on trends from 2017. While inventory was down almost 15percent home sales actually were up 2 percent. The lack of inventory also drove a nearly 7 percent increase in home prices over 2016. The number of homes listed for sale in December was down 3.0% which means the trend of lower inventory and higher prices is likely to continue into 2018.
Parts of CA are the hardest hit with San Jose having the the lowest inventory and the highest price jump of nearly 32%.
San Diego and other parts of Southern CA are also affected by the natural disasters of 2017. … (3 comments)
The Mortgage Bankers Association has reported on trends from 2017.
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