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

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

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,...