Posts Tagged: inventory

Seattle Housing Shortage Worst in a Decade

King County is experiencing the worst shortage of homes for sale in more than a decade, driving prices higher and keeping more would-be buyers in apartments. The median price of single-family homes sold last month in King County was $499,950, a 13.6 percent increase over the past 12 months, the Northwest Multiple Listing Service reported… Read more »

Seattle Home Shortage Could Continue for Years

Typically home-buying activity falls off during the summer months, but not this year in the metro Puget Sound region, where buyers are competing to buy fewer homes while paying significantly higher prices. The lack of condos and houses for sale is nothing new as real estate agents have been clamoring for additional inventory for more… Read more »

San Francisco Inventory Decline Leads to Mass Overbidding

A gradual decline in inventory has contributed to the increase in overbidding among buyers, according to a new report from Paragon Real Estate. The real-estate firm tallied the number of homes, co-ops, TICs, condos and even 2-4-unit buildings listed on the MLS, starting just before the market recovery began in 2012. It found that while… Read more »

Manhattan Condo Inventory, Prices Up

The Manhattan condo market saw a spike in the number of available units and prices in July, according to a real estate report released Thursday. StreetEasy’s report said the despite the 5.4% growth of inventory between July 2013 and this year, the number of available units is 16.2% below the five-year average level of inventory…. Read more »

New York City Real Estate Inventory At New Low

From the Upper East Side to East New York, would-be homebuyers are facing a massive inventory crunch this spring. Add to that rapidly rising prices in Manhattan and Brooklyn, limited new development geared to the luxury market, and underwater homes hampering many locals’ ability to sell, and it all equals a tough market for many… Read more »

Anchorage Home Inventory Low, Prices Rising

Players in Alaska’s construction and real estate industries have positive outlooks for 2013 despite some funding and regulatory uncertainty. … Single-family home sales were up 12 percent in November and the prices of those sales were up 5 percent, Droege said. While they may not continue at that rate, he said he expects those trends… Read more »

Low Inventory Driving Up Home Prices in Monterey

Scant inventories are driving up home prices in Monterey County’s recovering housing market, as investors snatch up what’s available and leave the leftovers to traditional home buyers. Still, with interest rates at record lows and prices less than a half what they were five years ago, it’s a good time to buy — if you… Read more »

FL: Orlando Real Estate Inventory at Five Year Low

The Orlando Regional Realtor Association (ORRA) reported this week a third consecutive jump in Orlando’s median price plus yet another drop in inventory and a month-to-month increase in sales are strong signs of continuing improvement in Orlando’s housing market. “These factors also indicate a shift toward favoring sellers, and the downward slide in inventory means… Read more »

Southern Florida Home Prices Start to Rise as Inventory Drops

Home prices in Miami-Dade and Broward counties jumped for the third consecutive month in February despite flat or declining sales volume, as the inventory of listings dwindles, real estate figures released Wednesday show. Realtors say that heightened demand for bank-owned properties and an improvement in the processing of short sales has resulted in rapid absorption… Read more »

New US Real Estate Worry: Lack of Inventory

The housing market, which has struggled with an oversupply of homes for years, is facing a new problem: a lack of attractive inventory. The number of homes for sale fell for the fourth straight month in September to the lowest level of the year. Track housing inventories. There were more than 2.19 million homes listed… Read more »

NY: Real Estate Inventory Increasing After Labor Day

As usual, Labor Day marked a pick-up in sales inventory after the typically slow summer. The seasonal increase should lead to more opportunity for buyers and more sales. According to Noah Rosenblatt, founder of UrbanDigs.com, a website that tracks Manhattan’s inventory in real time, post-Labor Day sales inventory is on par with last year, when… Read more »

As Inventory Drops, Tampa Home Prices Increase

Last week, real estate research firm Altos Research released its real-time housing market update, which showed data through August 2011. According to the report, the Tampa real estate market is one of the strongest in the country right now. At the monthly level, anyway. A significant reduction in housing inventory has given a boost to… Read more »

FL: South State Real Estate Inventory Shrinks to Lowest Level Since 2008

South Florida’s logic-defying housing market continued to embrace peculiar trend lines in May — sales soared, slashing down the inventory even further, but overall prices fell once again. Market trends in Miami-Dade and Broward counties diverge from the national housing story, for better and for worse. Local sales are increasing while the national market slumps,… Read more »