BrokerageIndustry News

For-sale real estate inventory rises 11.2% in December

Largest year-over-year increases in San Diego, San Francisco areas
Published on Jan 7, 2011

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by CareyBot

More homeowners listed their homes for sale in December compared to the same month the year before, according to a report from national real estate brokerage ZipRealty.

The number of multiple listing service listings for single-family homes and condominiums in 26 major markets rose 11.2 percent year-over-year in December, to 595,922 total.

Four out of the five markets experiencing the highest annual jumps in inventory are in California, and the fifth is in foreclosure-ridden Las Vegas, which saw its for-sale listings jump 50 percent.

Month-to-month, inventory has fallen four straight months, down 5.3 percent in December. All but one out of the 26 markets experienced a monthly drop. Orlando, Fla., remained essentially flat both month-to-month and year-over

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