Here’s a new take on the proverbial top 10 list; the top 10 metros where homes for sale inventory is precipitously going down. A recent report from Realtor.com says “there are still deals available” but you need to know where to look for them. Their report reveals the cities where homes are selling briskly, competition remains fierce, and available homes are scarcer than peak COVID-19-era toilet paper – in other words, metros where housing inventory is falling instead of piling up. In addition, they say these are the places where buyers are looking for scenic views or more affordable real estate and investors are looking for short-term and year-round rentals they can profit from. Indeed…
“Some housing markets [are]still seeing double-digit declines in the number of newly listed homes,” says Realtor.com Senior Economist George Ratiu. “With the market peak clearly behind us and prices pulling back from record highs, many homeowners are worried they missed the top of the market and are choosing to postpone listing their properties until they have more clarity about the market’s direction.”
Click here to read the full report at Realtor.com.
