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January 12, 2023

Realtor.com: Hartford is only top 50 U.S. metro to see available housing inventory decline

Contributed | pixabay.com/photos/house-home-sold-brick-for-sale-435618/ A house for sale.
By Skyler Frazer

All of the country’s 50 largest metropolitan areas saw active home inventory increase year-over-year in December besides Hartford, according to a new report from Realtor.com.

Realtor.com issued its housing report for December 2022 this week, which saw available housing inventory end the year up 54.7% nationally from 2021 but still below historic levels prior to the COVID-19 pandemic. Prices are still significantly higher and homes are selling faster compared to 2019 pre-pandemic levels, according to Realtor.com Chief Economist Danielle Hale.

Newly-listed homes declined 21% year-over-year and pending listings, or homes under contract with a buyer, declined 36.8% nationally.

Realtor.com said that among the 50 largest U.S. metros areas, 49 markets saw active inventory gains in December. Only Hartford saw a year-over-year decline of 7.7%.
 

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