Week of May 20, 2019

Top inventory changes from January 2019 to February 2019

Greatest increases

Greatest increases

Greatest decreases

Greatest decreases
Metropolitain/division Month-over-month inventory change
Iowa City, IA 9.61%
San Francisco-Redwood City-South San Francisco, CA 8.15%
Milwaukee-Waukesha-West Allis, WI 7.00%
Madison, WI 5.68%
Hanford-Corcoran, CA 5.66%
Ocean City, NJ 5.57%
Phoenix-Mesa-Scottsdale, AZ 5.27%
Tuscaloosa, AL 5.17%
Rochester, MN 4.94%
College Station-Bryan, TX 4.82%
Daphne-Fairhope-Foley, AL 4.75%
Longview, TX 4.61%
Mobile, AL 4.35%
Sebastian-Vero Beach, FL 4.11%
Naples-Immokalee-Marco Island, FL 4.04%
Cape Coral-Fort Myers, FL 3.90%
Atlantic City-Hammonton, NJ 3.56%
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 3.51%
Sheboygan, WI 3.44%
Port St. Lucie, FL 3.34%
San Jose-Sunnyvale-Santa Clara, CA 3.27%
North Port-Sarasota-Bradenton, FL 3.07%
West Palm Beach-Boca Raton-Delray Beach, FL 2.99%
Hinesville, GA 2.87%
La Crosse-Onalaska, WI-MN 2.76%
Rocky Mount, NC 2.76%
Racine, WI 2.64%
Nassau County-Suffolk County, NY 2.39%
Punta Gorda, FL 2.39%
Winston-Salem, NC 2.34%
Rome, GA 2.31%
Cambridge-Newton-Framingham, MA 2.28%
Sebring, FL 2.06%
Vineland-Bridgeton, NJ 1.84%
Bridgeport-Stamford-Norwalk, CT 1.66%
Urban Honolulu, HI 1.49%
Deltona-Daytona Beach-Ormond Beach, FL 1.48%
San Diego-Carlsbad, CA 1.43%
Miami-Miami Beach-Kendall, FL 1.41%
Lake Charles, LA 1.39%
Janesville-Beloit, WI 1.36%
Philadelphia, PA 1.31%
Ocala, FL 1.29%
Montgomery County-Bucks County-Chester County, PA 1.19%
Baton Rouge, LA 1.02%
Gulfport-Biloxi-Pascagoula, MS 1.02%
Brownsville-Harlingen, TX 0.99%
Carson City, NV 0.94%
New York-Jersey City-White Plains, NY-NJ 0.81%
Corpus Christi, TX 0.76%
Metropolitan/divsion Month-over-month inventory change
Boston, MA -18.81%
Worcester, MA-CT -18.71%
Jacksonville, NC -11.67%
Saginaw, MI -8.80%
Eau Claire, WI -8.09%
Columbus, OH -7.77%
Olympia-Tumwater, WA -7.48%
Santa Rosa, CA -6.79%
Dayton, OH -6.65%
Flint, MI -6.65%
Providence-Warwick, RI-MA -6.46%
Springfield, OH -6.39%
Warren-Troy-Farmington Hills, MI -6.15%
Akron, OH -6.13%
Lebanon, PA -6.13%
Tacoma-Lakewood, WA -5.90%
Ann Arbor, MI -5.82%
Mount Vernon-Anacortes, WA -5.61%
Tucson, AZ -5.39%
Eugene, OR -5.28%
Pittsburgh, PA -5.16%
Modesto, CA -5.06%
Cleveland-Elyria, OH -5.05%
Duluth, MN-WI -4.99%
Longview, WA -4.98%
Monroe, MI -4.90%
Oakland-Hayward-Berkeley, CA -4.78%
Stockton-Lodi, CA -4.77%
Lake Havasu City-Kingman, AZ -4.70%
Columbus, GA-AL -4.55%
Kankakee, IL -4.54%
Portland-South Portland, ME -4.52%
Canton-Massillon, OH -4.49%
Cincinnati, OH-KY-IN -4.42%
Kansas City, MO-KS -4.38%
Parkersburg-Vienna, WV -4.33%
Tallahassee, FL -4.31%
Detroit-Dearborn-Livonia, MI -4.29%
Youngstown-Warren-Boardman, OH-PA -4.21%
Lancaster, PA -4.19%
Bremerton-Silverdale, WA -4.06%
Boise City, ID -3.93%
Bend-Redmond, OR -3.88%
Santa Cruz-Watsonville, CA -3.88%
Elizabethtown-Fort Knox, KY -3.81%
St. Louis, MO-IL -3.79%
York-Hanover, PA -3.74%
Minneapolis-St. Paul-Bloomington, MN-WI -3.73%
Santa Maria-Santa Barbara, CA -3.73%
Portland-Vancouver-Hillsboro, OR-WA -3.66%

Two of the five markets with the largest month-over-month inventory increases from January to February were located in California, where affordability issues may be reducing housing demand.1 Inventory in San Francisco climbed by 8.15%, and rose in Hanford-Corcoran, California, by 5.66%. Higher levels of supply could signal that buyers have more choices. Two other cities in California—San Jose and San Diego—were also in the top 50 core-based statistical areas (CBSA) with the largest month-over-month inventory gains.

Twenty-four of the top 50 CBSAs with the greatest inventory increases were in the South, which may keep home prices there lower. The largest decreases were in Massachusetts—specifically Boston and Worcester. Inventory declined by more than 18% in both markets suggesting that buyers will have fewer housing options.

1Source data: CoreLogic®

Data date: 4/19/2019

 

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