The number of homes for sale is in short supply. Nationally, inventories have never been lower in many markets. But not everywhere.
Realtor.com®’s research team identified the markets where the number of homes coming onto the market is actually increasing compared with its local population. Still, housing isn’t necessarily plentiful in these markets either, realtor.com®’s research team says.
Even “with a big jump in listings [in these areas] compared to last year … overall inventory is still tight compared to pre-pandemic levels,” Ali Wolf, chief economist at Zonda, a housing research firm, told realtor.com®.
Realtor.com®’s research team narrowed its list to one metro per state to ensure geographic diversity. The following areas are seeing some of the largest jumps in new listings lately:
1. Panama City, Fla.
- Median list price in March: $446,000
- New listings per capita: 10.55
2. Daphne, Ala.
- Median list price in March: $387,400
- New listings per capita: 9.87
3. Myrtle Beach, S.C.
- Median list price in March: $343,000
- New listings per capita: 9.62
4. Jacksonville, N.C.
- Median list price in March: $268,600
- New listings per capita: 9.04
5. Iowa City, Iowa
- Median list price in March: $307,000
- New listings per capita: 7.43
6. Macon, Ga.
- Median list price in March: $200,495
- New listings per capita: 7.25
7. East Stroudsburg, Pa.
- Median list price in March: $297,300
- New listings per capita: 6.2