Record-low inventories, steady list prices indicate top markets for buyers, sellers

Realtor.com recently released its January data on the U.S. housing market showing that listing inventories decreased 16.47 percent year-over-year; median age of inventory was at 108 days, a 9.24 percent decrease year-over-year; and median list prices are slightly higher increasing .80 percent year-over year to $187,000. The findings indicate opportunities in local markets for both buyers and sellers. With inventories at record lows and list prices increasing, Realtor.com®'s 2013 Best Sellers Markets are Sacramento, Calif.; San Jose, Calif.; San Francisco, Calif.; Phoenix; and Washington, D.C. For consumers looking for a competitive edge heading into the busy spring buying season, Realtor.com®'s Top Buyers Markets are Asheville, N.C.; Peoria, Ill.; Charleston, W. Va.; Philadelphia, Pa.; and Cleveland, Ohio. In January, the total number of single-family homes, condos, townhomes and co-ops for sale in the U.S. decreased by 16.47 percent from one year ago, dropping to its lowest point since January 2007, when Realtor.com® began collecting this data. Click the title for a link to the full article from News.Move.com