Shrinking inventory bolstering many housing markets

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Inman Connect San Francisco, Jul 16-20, 2018

Editor's note: This report is based on's August 2012 Real Estate Trend Data Report. The report covers 146 U.S. metros, and includes single-family homes, condos, townhomes and co-ops. The number of homes for sale nationwide fell 18.68 percent from a year ago in August, to 1.84 million, reported today, continuing a trend that's manifested itself every month so far this year.Year-over-year trends in median list price and median age of inventory, particularly in California, also indicated many housing markets are beginning to stabilize.The median age of inventory was down in August (11.65 percent) from a year ago to 91 days, while the national median list price was up a slight 0.5 percent from last August to $190,000. For-sale inventories declined on a year-over-year basis in August in all but two of the 146 metros tracks. Annual change in listings, inventory and median list price Data point Percent changefrom year ago 2012 August 2012 ...