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Inventories Are Down, and Prices Are Up in Most Markets

By October 30, 2014 No Comments

According to Realtor.com, listing inventory is down almost 3% from a year ago,

with a median price increase of almost 8%. Among the top cities with dwindling inventory, Las Vegas, Nevada led the pack with a drop of 37.9% drop from last year (17.4% price increase), followed by San Jose, California with a drop of 36.2% (10.5% price increase) and Columbus, Ohio with 29% (6.7% price increase).


Inventory increased in 40% of markets studied by Realtor.com. Honolulu, Hawaii jumped up 27.5% from last year (though prices still increased by 7.2%), followed by Orlando, Florida with 25.8% (no price change) and Miami with 22% (with a 6.4% price increase).


Of the 144 markets tracked, only 8 saw median price declines.