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Local Housing Markets Report Low Inventory in October

Pro Builder

Local Housing Markets Report Low Inventory in October. Housing inventory is reaching record lows—here’s what to expect in the months ahead. Local housing markets reported low inventory for the month of October, and markets in Jacksonville, Miami, and San Diego even reached record lows. Read More. .

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An Influx of Buyers Nearly Dries Out Palm Beach's High-End Inventory

Pro Builder

An Influx of Buyers Nearly Dries Out Palm Beach's High-End Inventory. Compared to last year, there are 79% fewer homes for sale, bringing Palm Beach’s housing inventory down to a five or less month supply. In Miami, luxury home prices surged 42% in the quarter, with the average sale price hitting $2.8 Housing Markets.

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Here Are the Most and Least Affordable Housing Markets in December 2022

Pro Builder

Here Are the Most and Least Affordable Housing Markets in December 2022. metros are home to skyrocketing prices and waning housing inventory, while others offer first-time buyers an affordable entrance into the for-sale market. Housing Markets. Housing Markets. Fri, 12/16/2022 - 09:43. Some major U.S.

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Home Price Gains Expected in Unseasonably Warm Winter Housing Market

Pro Builder

Home Price Gains Expected in Unseasonably Warm Winter Housing Market. Zillow’s November 2021 market report shows strong activity in a typically slow season for the housing market. The largest annual inventory declines in November among the largest 50 markets were in Miami (-45.8%), Raleigh (-39.6%) and Denver (-38.9%).

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How the Housing Market Fared in February 2022

Pro Builder

How the Housing Market Fared in February 2022. It’s been two years since the start of the COVID-19 pandemic, and the latest February 2022 market report reveals just how much the housing industry has changed. monthly decline from January, with markets like Raleigh, Hartford, Providence, and Miami seeing the greatest supply deficits.

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Luxury Home Sales Are Plummeting in These Pricey Metros

Pro Builder

31, 2023, compared with the same period one year ago, led by substantial drops in Miami and Long Island, N.Y. At the start of the COVID-19 pandemic, Miami welcomed an influx of wealthy buyers migrating from the Northeast, but at the start of 2023, luxury sales in Florida’s popular oceanfront metro dropped by nearly 69%.

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In Pursuit of Affordability, Homebuyers Are Heading to Cities With the Biggest Climate Risks

Pro Builder

house hunters are looking to relocate to a different metro area as affordability constraints push homeownership further out of reach. Arizona's recent limit on new construction isn't likely to deplete inventory enough – or push prices up enough – to change that calculus much in the short term."

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