US Active Home Listings SURGE YoY In California, Colorado and … Columbus Ohio?

By Anthony B. Sanders

Since 2007, the inventory of existing homes sales has generally declined while median prices have skyrocketed.

ehsinventory

And home price growth has been exceeding wage (earnings) growth by around 2x-3x.

wagehpyoy

But suddenly, 50 metro areas have seen a surge of 13% YoY or greater. Red-hot housing markets Santa Rosa CA, Denver CO, Vallejo CA and San Jose CA have all seen 69% YoY or more growth in active listings. The fifth largest growth in active listings is … Columbus Ohio?

supplysurge

Maybe it was LeBron James fleeing Ohio for Los Angeles and the Lakers (a puzzling name since they are hardly any lakes in LA).

So, at last, supply is surging. Will demand meet the new supply? If not, we could see home prices declining.

Check out the data Realtors here.

2012-movie

Support 100% ad-free Biiwii.com by making a donation of your choice!

Or better yet, subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas to get even more bang for your buck. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.

Published by

Gary

NFTRH.com & Biiwii.com