Says for-sale inventory is stuck at “crisis levels” in some of the nation’s hottest housing markets where home values are appreciating fastest.
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Home shoppers looking to buy in 2018 will have 10% fewer homes to choose from than a year ago, according to the December Zillow® Real Estate Market Report.
For-sale inventory is stuck at crisis levels in some of the nation’s hottest housing markets where home values are appreciating fastest. In San Jose, Calif., there are 41% fewer homes on the market than a year ago – the annual percentage change in inventory has been falling at a double-digit pace for the past nine months. In Las Vegas, the second fastest appreciating housing market, there are 27% fewer homes on the market than a year ago.
