Housing market snapshot
Current inventory by region
|District of Columbia||1,776|
|New Mexico||No Data|
|North Dakota||No Data|
|West Virginia||No Data|
The chart above shows current housing inventory levels, or the number of properties being actively marketed, based on region for October 2018.
The South has the largest inventory, with 347,840 housing units. The state with the largest number of houses being marketed is Florida, with 117,715 units. A high supply helps keep home prices in Florida around the national average of $215,550, despite steady demand. In fact, home prices in the South are aligned with the nationwide average despite high population growth and demand. Meanwhile, California, with 86,385 homes, has 30,000 less units available than Florida. The high demand and lower amount of inventory gives the Golden State one of the highest median selling prices in the nation.
Low inventory and high demand in states like Colorado (12,674 units) keeps median prices high there as well. Despite having 180,085 units available, it appears Western states like Nevada, Oregon and Washington do not have enough inventory available to keep pace with demand.
The Midwest has a low inventory (120,300 units), hinting that housing demand in the region remains small.
Inventory nationwide has declined by more than 500,000, from April 2018 to October 2018, showing the strength of the summer buying season.
Source data: CoreLogic®
Data date: 12/9/2018
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