Inventory Situation Improves in June Compared to Start of 2013

BY: TORY BARRINGER

While the number of for-sale listings nationwide remains down from last year, June saw a promising lift compared to the start of this year, Zillow revealed in a new report.

The overall number of listings on Zillow was down 12.2 percent year-over-year at the start of June, an improvement from the 17.5 percent shortfall recorded in January—in other words, Zillow explained, the inventory of for-sale homes has improved 5.3 percentage points year-to-date (controlling for seasonality).

Overall, annual inventory levels improved in June compared to January in 70 metros. Among the 30 largest areas covered by Zillow, Phoenix, San Diego, and Minneapolis saw the greatest alleviation from the start of the year to the start of June, improving 31.9, 14.9, and 13.5 percentage points, respectively.

Click here to read more

Be Sociable, Share!

No comments yet.

Leave a Reply

What is 2 + 5 ?
Please leave these two fields as-is:
IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)