inventory: Total Inventory Reaches Annual Low in December
- 01/09/13 05:08 AM
It must be December. According to Movoto Real Estate data, home inventories dropped 9%, or 9,551 homes, and have reached an annual low during the month of December. In typical fashion, inventory decreases during the colder months, then will begin to rise again in January. However, for 2012 as a whole, inventory bucked traditional trends of peaking during the summer months. Instead, total inventory followed a steady decline to end the year 27% lower than December of 2011. Movoto suggests that the decline in inventory is due to homeowners reluctant to sell their homes because of underwater mortgages or a … (0 comments)
inventory: 10 Cities with the Largest Inventory Decline
- 10/08/12 05:21 AM
Inventory in housing markets continue to decline, leaving potential home-buyers with few choices. According to Movoto Real Estate, cities especially are facing the strain as inventory can’t match demand. In a recent article, Movoto analyzed metropolitan areas across the country and has compiled the ten cities with the largest decrease in inventory over the past year.Here are their findings:1. Sacramento2. San Jose3. Las Vegas4. San Francisco5. San Diego6. Fresno7. Los Angeles8. Boston9. Seattle10. Denver Sacramento The Sacramento real estate market has seen the largest drop in inventory since this time last year. On October 1, 2011 there were 3,525 homes available … (1 comments)
It must be December. According to Movoto Real Estate data, home inventories dropped 9%, or 9,551 homes, and have reached an annual low during the month of December. In typical fashion, inventory decreases during the colder months, then will begin to rise again in January. However, for 2012 as a whole, inventory bucked traditional trends of peaking during the summer months. Instead, total inventory followed a steady decline to end the year 27% lower than December of 2011. ;)
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