Nationally, there are now 9% fewer homes for sale, and home values are up 7.4% when compared to last May, according to Zillow. Some markets such as Columbus, OH; Minneapolis, MN and San Jose, CA have around 30% fewer homes for sale.
How does your city compare to the national trend? We set out to answer that question with a snapshot of our real estate markets where we operate in Louisiana and the MS Gulf Coast. Our data reflects sales of residential properties during the previous 12 month period (June – May), compared to the same period the prior year.