Tight inventory levels continue to restrain the housing market across the
country, according to the Monthly Data Report released today by realtor.com®.“All four of these markets have very positive economic momentum—strong job recovery, growth in new construction, healthy growth in home prices, and growth in sales and positive demographic trends,” said Jonathan Smoke, chief economist.
The Monthly Data Report compares housing market statistics in January 2015 to those of January 2014. It tracks list price and inventory fluctuations for properties listed on realtor.com in 200 markets. Prices will therefore continue to rise in markets where demand outstrips supply. Expect Bidding Wars, read more.
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