Realtor.com recently set out to determine which markets in the U.S. have the lowest inventory of homes for sale – a situation they say is getting worse when it comes to inventory. They did a “deep dive” into the nation’s 150 housing markets to come up with their top 10 list. Each city on their list shows the percentage of housing stock for sale as well as the percentage of decrease in inventory from 2016. It’s interesting data that definitely is worth a look.
“More than two-thirds of the markets are seeing less inventory now compared to a year ago,” says Jonathan Smoke, Realtor.com’s chief economist. “Tight credit and limited new construction are clearly at play.”
The Top 10 Markets are:
- Seattle, WA
- Eugene, OR
- Grand Rapids, MI
- Buffalo, NY
- Fort Wayne, IN
- Sacramento, CA
- Detroit, MI
- Portland, OR
- Santa Rosa, CA
- Omaha, NE
