ANAROCK’s most recent data reveals that residential inventory in the top 7 cities overhang plunged to 30 months’ worth in Q1 2019 against 50 months in the corresponding period in 2017. Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years
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ANAROCK’s most recent data reveals that residential inventory in the top 7 cities overhang plunged to 30 months’ worth in Q1 2019 against 50 months in the corresponding period in 2017. Inventory measured in months indicates how many months it will take for the current unsold housing stock on the market to sell.
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As sales declined from a year ago, the unsold inventory index, which is a ratio of inventory over sales, increased on a year-over-year basis as well. The statewide unsold inventory index edged up to 3.0 months in June from 2.7 months in June 2017.
A new report from real estate marketplace Zillow shows housing inventory grew 1.2. 14 percent from April 2017, with year-over-year sales declining for two consecutive months.. S&P corelogic case-shiller national home price index hits record high. “From the cyclical low point in home prices six years ago, a typical .
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The statewide unsold inventory index edged up to 3.0 months in June from 2.7 months in June 2017. The index measures the number of months it would take to sell the supply of homes on the market at the current sales rate.
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Housing Inventory Hits 30-Year Low. By Watch City. August 9, 2017.. but rather a lack of inventory. As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years.. The inventory. several years.