Week of March 11, 2019

Top inventory changes from November 2018 to December 2018

Greatest increases

Greatest increases

Greatest decreases

Greatest decreases
Metropolitan/Division Month-over-month inventory change
Walla Walla, WA 3.85%
Mobile, AL 2.56%
North Port-Sarasota-Bradenton, FL 2.50%
Punta Gorda, FL 2.42%
Sebastian-Vero Beach, FL 2.08%
Phoenix-Mesa-Scottsdale, AZ 1.83%
Port St. Lucie, FL 1.55%
Bay City, MI 1.54%
Cape Coral-Fort Myers, FL 1.52%
Gadsden, AL 1.30%
Hinesville, GA 1.20%
Naples-Immokalee-Marco Island, FL 1.19%
Kahului-Wailuku-Lahaina HI 1.05%
West Palm Beach-Boca Raton-Delray Beach, FL 1.05%
Tuscaloosa, AL 0.94%
Racine, WI 0.80%
Athens-Clarke County, GA 0.69%
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 0.64%
Columbus, GA-AL 0.62%
Sheboygan, WI 0.50%
The Villages, FL 0.44%
Chattanooga, TN-GA 0.37%
Janesville-Beloit, WI 0.35%
Daphne-Fairhope-Foley, AL 0.24%
Gainesville, GA 0.23%
Homosassa Springs, FL 0.21%
Albany, OR 0.00%
Hammond, LA 0.00%
Lima, OH 0.00%
Mankato-North Mankato, MN 0.00%
Metropolitan/Division Month-over-month inventory change
San Rafael, CA -20.40%
San Francisco-Redwood City-South San Francisco, CA -17.08%
Grand Junction, CO -15.85%
Boulder, CO -15.84%
Boston, MA -15.04%
Cambridge-Newton-Framingham, MA -15.02%
Eau Claire, WI -13.16%
Worcester, MA-CT -12.79%
Santa Rosa, CA -12.76%
Providence-Warwick, RI-MA -12.40%
Seattle-Bellevue-Everett, WA -12.36%
St. Louis, MO-IL -11.89%
Oakland-Hayward-Berkeley, CA -11.55%
San Jose-Sunnyvale-Santa Clara, CA -11.54%
Ann Arbor, MI -11.48%
Napa, CA -11.45%
Denver-Aurora-Lakewood, CO -11.38%
Vallejo-Fairfield, CA -11.33%
Minneapolis-St. Paul-Bloomington, MN-WI -11.09%
St. Cloud, MN -11.04%
Columbus, OH -10.69%
Bremerton-Silverdale, WA -10.61%
Tacoma-Lakewood, WA -10.19%
Springfield, MA -10.02%
Chico, CA -9.82%
Sacramento—Roseville--Arden-Arcade, CA -9.68%
Iowa City, IA -9.54%
Barnstable Town, MA -9.42%
Akron, OH -8.91%
Wenatchee, WA -8.90%
Bridgeport-Stamford-Norwalk, CT -8.80%
Ithaca, NY -8.68%
Olympia-Tumwater, WA -8.66%
Portland-Vancouver-Hillsboro, OR-WA -8.34%
Cleveland-Elyria, OH -7.98%
Stockton-Lodi, CA -7.97%
Fort Collins, CO -7.84%
Warren-Troy-Farmington Hills, MI -7.79%
Yuba City, CA -7.78%
Eugene, OR -7.74%
Santa Cruz-Watsonville, CA -7.72%
Bend-Redmond, OR -7.55%
Chicago-Naperville-Arlington Heights, IL -7.48%
Lake Havasu City-Kingman, AZ -7.45%
New Bern, NC -7.43%
Duluth, MN-WI -7.39%
Hartford-West Hartford-East Hartford, CT -7.39%
Fort Worth-Arlington, TX -7.27%
Elgin, IL -7.25%
Dothan, AL -7.14%
Greenville, NC -7.10%
Rockingham County-Strafford County, NH -7.08%
Flint, MI -7.06%
Toledo, OH -7.04%
Dutchess County-Putnam County, NY -6.96%
Austin-Round Rock, TX -6.95%
New Haven-Milford, CT -6.83%
Dallas-Plano-Irving, TX -6.64%
Burlington, NC -6.63%
Silver Spring-Frederick-Rockville, MD -6.62%
Durham-Chapel Hill, NC -6.62%
Youngstown-Warren-Boardman, OH-PA -6.60%
Norwich-New London, CT -6.49%
Lawrence, KS -6.45%
Washington-Arlington-Alexandria, DC-VA-MD-WV -6.43%
Canton-Massillon, OH -6.37%
Modesto, CA -6.35%
Trenton, NJ -6.35%
Rochester, MN -6.35%
Longview, WA -6.34%
Montgomery, AL -6.25%
Kansas City, MO-KS -6.23%
Dover, DE -6.21%
Tallahassee, FL -6.15%
Greeley, CO -6.13%
Las Cruces, NM -6.12%
Lake County-Kenosha County, IL-WI -6.07%
El Centro, CA -6.06%
Pittsburgh, PA -6.04%
New York-Jersey City-White Plains, NY-NJ -5.75%
Montgomery County-Bucks County-Chester County, PA -5.74%
Billings, MT -5.71%
Lewiston-Auburn, ME -5.62%
Manchester-Nashua, NH -5.60%
Cedar Rapids, IA -5.58%
Tucson, AZ -5.58%
Cape Girardeau, MO-IL -5.58%
San Luis Obispo-Paso Robles-Arroyo Grande, CA -5.54%
Lexington-Fayette, KY -5.52%
Jackson, MI -5.51%
Bellingham, WA -5.37%
Memphis, TN-MS-AR -5.37%
Saginaw, MI -5.32%
Allentown-Bethlehem-Easton, PA-NJ -5.30%
Sherman-Denison, TX -5.25%
Detroit-Dearborn-Livonia, MI -5.19%
Baltimore-Columbia-Towson, MD -5.16%
Bloomington, IL -5.15%
Richmond, VA -5.12%
Raleigh, NC -5.06%

For December 2018, the largest inventory gains were in the southeastern United States, except for Walla Walla, Washington.1 Florida had three markets in the top five. Of the top 25 metropolitan areas with increases, 18 were in Florida, Georgia, and Alabama; indicating that inventory may have outpaced demand.

Four of the top five markets with declines were in the West; suggesting steeper competition since buyers have fewer options. Overall, the data implies that inventory has not increased in many markets nationwide.

1 Source data: CoreLogic®

Data date: 2/05/2019

 

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