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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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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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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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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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Boise, Phoenix Prep for Big Changes Ahead After Years of Record Home Sales

Pro Builder

Overpriced metros like Boise and Phoenix are seeing prices drop, sales slow, and inventory levels surge amid a major market cooldown. Between disappearing inventory, toe-to-toe competition, and a staggering 65% increase in regional home prices, Boise quickly became overheated, and its inevitable cooldown is finally underway. .

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Does Your Market Make the List of Best Cities for First-Time Buyers?

Pro Builder

Economists say it’s likely due to hurdles such as rising home prices and tight inventory. Tennessee and Nevada both have two cities in the top 10 alone: Nashville, Murfreesboro, Tenn., Nashville, TN. By comparing 163 of the country’s largest U.S. cities, SmartAsset identified the top markets for first-time buyers.