Categories
Make Money From Home

10 Cities Where Home Inventory Is Rising Fast – Money Talks News

Dragon Images / Shutterstock.com

This past year — and particularly the summer — has been a wild ride for housing markets. But there are increasing signs of a return to normalcy.

For instance, we recently identified “10 …….

Dragon Images / Shutterstock.com

This past year — and particularly the summer — has been a wild ride for housing markets. But there are increasing signs of a return to normalcy.

For instance, we recently identified “10 Markets Where Home Prices Could Plummet by 20%,” and a new Realtor.com analysis points to many markets where the number of homes for sale is quickly expanding.

Here’s a look at the places that have had the biggest increase in home inventory during the past year.

1. Phoenix

welcomia / Shutterstock.com

Increase in active home listings between July 2021 and July 2022: 158.7%

Home inventory keeps expanding in the Valley of the Sun. It probably helps that the city is among “10 Markets With the Most Home Sales Getting Canceled” — possibly because buyers are getting more discerning and patient as options open up and competition diminishes.

2. Austin, Texas

Tricia Daniel / Shutterstock.com

Increase in active home listings between July 2021 and July 2022: 154.5%

As the saying goes, everything’s bigger in Texas. That’s true not only for the number of homes for sale, but also their prices. Austin remains a very overvalued housing market, we recently reported.

3. Raleigh, North Carolina

Sean Pavone / Shutterstock.com

Increase in active home listings between July 2021 and July 2022: 137.5%

Opportunities for homebuyers are booming in Raleigh. And there seems to be plenty of work to be had too. North Carolina’s capital was among “15 Cities With the Most Job Gains in 2021.”

The top 10

jdross75 / Shutterstock.com

Here are the other top cities seeing the largest percentage increase in the number of active home listings:

  • Nashville, Tennessee: 121.9%
  • Seattle: 103.8%
  • Tampa, Florida: 91.9%
  • Las Vegas: 83.3%
  • Dallas: 81.2%
  • Riverside, California: 76.5%
  • Sacramento, California: 72.3%

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Source: https://www.moneytalksnews.com/slideshows/10-cities-where-home-inventory-is-rising-fast/

Leave a Reply

Your email address will not be published.