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Many markets are seeing so few new listings<\/a> that they may not be able to meet the strong buyer demand heading into real estate\u2019s traditionally busiest season. Listings are down more than 7 percent compared to a year ago across the country, according to the latest data by the National Association of REALTORS\u00ae.<\/p>\n\n Where Homes Are Selling the Fastest<\/strong><\/p>\n\n Realtor<\/a>.com\u00ae inventory data shows the following metro areas had listings that stayed on the market the shortest amount of time in January:<\/p>\n\n Source: National Association of REALTORS\u00ae<\/em><\/p>\n<\/blockquote>\n\n \u201cCompetition is likely to heat up even more heading into the spring for house hunters looking for homes in the lower- and mid-market price range,\u201d says Lawrence Yun, NAR\u2019s chief economist.<\/p>\n\n Read more<\/strong>: Existing-Home Sales Reach Decade High<\/p>\n<\/blockquote>\n\n Realtor.com\u00ae notes that the following markets are particularly very light on listings:<\/p>\n\n On the other hand, home shoppers may find more choices this year in a few select markets. Notably, Las Vegas is seeing an 18 percent increase in active listings compared to a year ago; Pittsburgh is seeing a 9 percent increase; and Houston and San Antonio are posting a 6 percent increase.<\/p>\n\n Source: \u201cHouse Hunting<\/a>? Here\u2019s Where You\u2019ll Find What You Want, and Where You Won\u2019t,\u201d CNBC (Feb. 22, 2017) and \u201cExisting-Home Sales Reach Decade High,\u201d REALTOR\u00ae Magazine Daily News (Feb. 22, 2017)<\/em><\/p>\n<\/div>\n \n \n<\/pre>\n\n<\/div>\n\n\n\n
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