RISMEDIA, January 10, 2011—The number of home listings within 26 major U.S. metropolitan areas slipped 5.27% in December 2010, compared to a month prior, according to a monthly report of homes listed for sale on Multiple Listing Services (MLS) in the markets surveyed by national real estate brokerage, ZipRealty.
Inventory grew at a steady pace year-over-year for the first eight months of 2010, and December was up 11.2% compared to a year ago, based on combined Multiple Listing Service (MLS) data from these 26 areas surveyed by ZipRealty. Las Vegas, San Francisco Bay Area and San Diego saw more than 50% growth from the same time last year.
Other highlights from ZipRealty’s December Housing Inventory Index include:
-The combined number of MLS-listed single-family homes and condos within all 26 major U.S. markets in December totaled 595,922, down from 629,086 in November.
-All but one survey market experienced declines in inventory in December as compared to November. Markets that experienced sharp decreases included Boston (14.4% inventory decline), San Francisco Bay Area (12.8% inventory decline) and Washington DC (8.5% inventory decline).
-Overall market inventory for the 26 areas surveyed peaked in September 2010 with 675,872 homes listed for sale.
-The Las Vegas market was hit severely by foreclosures in December and total inventory was 17,090, up from 11,391 in December 2009.
For more information, visit www.ziprealty.com.
Copyright© 2015 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com