May 8th, 2012
There are some areas of the country that are seeing much better real estate sales. This is partly due to smaller for sale inventory. A larger inventory of homes for sale can really make it difficult to find a home, and the longer that a home sits on the market, the harder it becomes to sell, and it is not just homes either. Condominiums, apartments, town homes and any other type of property that you can think of all fall into the same real estate market pool. When there are too many choices, the market suffers. When there are fewer choices, the market will grow. Here are a few markets where the for sale inventory has dropped. These may be the best markets to buy a home.
Oakland, California has seen the largest drop in for sale inventory. The homes for sale inventory in Oakland is just under 52% lower. The city of Oakland has a population of just under 400,000 people. That could quickly change when people start seeing how well the housing market is growing there.
There is more than one place in California that saw such a huge drop in for sale inventory. Bakersfield, California has also seen a very dramatic drop in for sale inventory. With a drop of just over 50%, the Bakersfield housing market is looking up.
If you like the idea of nights full of stars and some of the best painted sunrises and sunsets then set your sights on Phoenix, Arizona. The housing market in Phoenix is also showing some great signs of growth. The for sale inventory in this city has dropped 48%. Fewer homes for sale mean that more people are buying, and less people are selling.
As if the two cities in California were not enough, a third city is also showing some great signs of improvement. The for sale inventory has dropped about 45% in the last year, and the average price for homes for sale in Fresno is $159,500.
One of the hottest spots in the United States is also showing massive improvements. This city is not hot from heat because it has the cool waters of the Atlantic ocean on one side. This city is hot because of its popularity. Can you guess which city this is? If you guessed Miami then you are right. The for sale inventory in Miami has dropped around 42% This is making the town of Miami even hotter.