Markets & Economy

Listings scarce in many markets as spring buying season kicks off

Number of homes for sale down 11 percent from a year ago

On the eve of the spring buying season, the number of homes listed for sale on was down 11 percent in February compared to the same time a year ago. Only 30 out of 200 markets tracked in the National Housing Trend Report saw listing inventories increase from a year ago. Metros experiencing double-digit percentage drops in for-sale listings included Dallas (-31.4 percent), Denver (-26.8 percent), Omaha (-26.6 percent), Houston (-24.5 percent), Washington, D.C. (-23.6 percent), San Francisco (-19.7 percent), Phoenix (-18.9 percent), Seattle (-13.4 percent), San Diego (-13.2 percent), St. Louis (-12 percent), Boston (-11.7 percent), and Salt Lake City (-11.4 percent). Top 10 markets with the greatest annual decrease in inventory, February 2015 Market Change from year ago Number of listings Oxnard-Thousand Oaks-Ventura, Calif. -36.7% 1,694 Sebastian-Vero Beach, Fla. -36.0% 1,960 Manchester-Nashua, N.H. -34.3% 1,...