BrokerageIndustry News

Top 10 metros for shrinking inventory

Realtor.com data shows 20 percent annual decline in US listings in May

Editor's note: Data collected and analyzed by Realtor.com through May 2012. Includes single-family homes, condos, townhomes and co-ops.  The national housing market continues to stabilize, according to data compiled by Realtor.com for 146 U.S. metros through May 2012. May continued April's year-over-year upswing, with for-sale inventory dropping 20.07 percent, median list prices jumping 3.17 percent to $194,900, and median age of for-sale inventory falling 9.78 percent compared to a year ago. Data Point Percent Change, May 2012 vs. May 2011 Number of Listings -20.07% Median List Price 3.17% Median Age of Inventory -9.78% As of May, national for-sale inventory stood at 1.88 million units, roughly 60 percent of a September 2007 inventory peak of 3.1 million units (2007 was the first year Realtor.com tracked this data nationally). Despite a slight 1.96 percent month-over-month increas...