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Top 10 metros with largest drop in for-sale inventory in July

Asking prices rise 2.6 percent nationwide

By Inman News

Editor’s note: These numbers come from Realtor.com’s July 2012 Real Estate Trend Data Report. The report covers 146 U.S. metros and includes single-family homes, condos, townhomes and co-ops.

The number of for-sale real estate listings continued to drop on an annual basis in July, falling 19.3 percent from July 2011 to a total of 1.87 million listings nationwide, according to Realtor.com data through July 2012. This trend, along with a 2.6 percent year-over-year median list price increase last month to $194,900, points to some stability in the nascent housing recovery that’s slowly settled in this year….

Metros with greatest year-over-year list price increases (July 2011 to July 2012)

Percent change
Santa Barbara-Santa Maria-Lompoc, Calif. 31.5%
Phoenix-Mesa, Ariz. 27.7%
Boise City, Idaho 16.8%
San Francisco 15%
San Jose, Calif. 13.8%
Seattle-Bellevue-Everett, Wash. 13.5%
Reno, Nev. 13.1%
West Palm Beach-Boca Raton, Fla. 12.6%
Washington, D.C.-Md.-Va.-W.Va.(D.C.) 12.2%

More here.

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