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Housing has been in short supply for much of the last decade in the U.S. Story name: Cities with least home inventory in Los Angeles metro areaĭescription: Stacker compiled a list of the cities in the Los Angeles metro area with the least housing inventory.Ĭities with least inventory in Los Angeles metro area
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To publish, simply grab the HTML code or text to the left and paste into Restrictions, which you can review below. Republish under a Creative Commons License, and we encourage you to To that end, most Stacker stories are freely available to Stacker believes in making the world’s data more accessible through The number indicates how long it would take for all inventory to be purchased if no new homes were made available for sale. To get a better sense of where housing inventory remains tight, Stacker compiled a list of cities in the Los Angeles metro area with the least available housing inventory as of May 2022, according to Redfin's months of supply metric. Listings are up more than 30% in some California markets, for example, including Sacramento and Oakland as well as in the Denver and Austin metros, according to Redfin data. Some of the hottest markets from the pandemic-era housing boom are the same ones seeing inventories loosen up, according to an analysis from The Washington Post. median home price cross the $400,000 threshold for the first time. The number of total homes sold in May nationwide was down 8.6% year over year, according to the National Association of Realtors. though with interest rates rising and demand from buyers cooling quickly, that could change.Īcross the country, sellers are hesitant to bring list prices down despite their homes sitting on the market longer than they were a year ago.
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