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Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale

Pro Builder

Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale ldeakins Mon, 06/05/2023 - 10:58 While for-sale inventory is rising slowly but steadily nationwide, many markets remain undersupplied and overpriced on a year-over-year basis The U.S. Inventory remains tight in cities such as San Jose, Calif.,

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Housing Market Shows First Signs of Normalizing in 2023—Here’s What That Means for Homebuyers

Pro Builder

Sidelined buyers who have been waiting for price reductions and a boost in for-sale inventory may find opportunities for homeownership in 2023. Active inventory of homes for sale was up 55% in December 2022, and of those active listings, 14% saw their prices slashed at the end of the year. Nashville, Tenn. Raleigh, N.C.

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Active Inventory Is on the Rise in These US Metros, but New Listings Are Slowing

Pro Builder

Of the 40 markets tracked in Bill McBride’s CalculatedRisk Newsletter, Denver, Las Vegas, and Nashville, Tenn., posted the strongest annual inventory gains of 208.2%, 231.6%, and 191.2%, respectively.

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January Homes Sold at a Record Pace Despite Low Inventory

Pro Builder

January Homes Sold at a Record Pace Despite Low Inventory. Prospective home buyers are facing record low existing supply as well as a lack of new listings in a fast-selling market, particularly in metropolitan areas like Denver and Nashville, where homes are selling in an average of just 35 and 29 days, respectively.

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Home Prices Are Starting to Drop Across the U.S.—Here Are the Markets Seeing the Biggest Declines

Pro Builder

Inventory is climbing, too. The biggest jumps in listings were in markets like Raleigh and Charlotte in North Carolina and Nashville on a month-over-month basis. In Provo, Utah, nearly half of all homes for sale experienced price drops in May, while 46% of homes in Salt Lake and 44.2% Realtor.com data from June noted a 18.7%

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Home Price Gains Expected in Unseasonably Warm Winter Housing Market

Pro Builder

Though the winter months are usually a slow period for growth in the housing market, Zillow’s Home Value Index (ZHVI) for November shows considerable price gains at a time when inventory is steadily declining. The fastest was in Nashville (2.6%), Orlando (2.4%) and Atlanta (2.3%). . Market Data + Trends. Affordability.

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Sun Belt Metros Lead the U.S. in Home Building

Pro Builder

Sun Belt metros are leading a resurgence in homebuilding as prices soar and inventory declines amid elevated demand from migrating buyers. Other sunny metros like Raleigh, Jacksonville, Nashville, and Charlotte followed closely behind, and other Texas hotspots like Houston and Dallas are also included in the top ten.

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