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Fournier Law Blog

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Chicago Ranks Among Top 10 Markets to Experience Double-Digit Decrease in Housing Inventory

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With a 22.8% decrease in home listings since September 2013, Chicago is among 33 markets that have significantly fewer homes available for sale. This finding, which is based on the September National Housing Trend Report released this month by realtor.com, may signal a need for new home construction in the Chicagoland area to help alleviate the inventory shortage and give sellers more housing options. Other cities experiencing a similar crunch in housing inventory include Las Vegas, San Jose, Cincinnati, and Columbus, Ohio while some markets like Honolulu, Orlando, Miami, and Charleston, West Virginia are seeing a double-digit growth in inventory.

Read the full article.

Image credit: pagedooley

 

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