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June 17, 2014

Where Inventory is Better

Housing Inventory

Did You Know that Florida metros boast some of the best opportunities to buy a home based on inventory? Based on the number of homes for sale per household, Miami-Ft. Lauderdale-Pompano Beach and Tampa-St. Petersburg-Clearwater top the list in inventory across the nation's major metropolitan areas. They were followed by the St. Louis, Phoenix-Mesa and Philadelphia metro markets.

Who has the tightest inventory per share of households? The San Francisco-Oakland metro area - for every 400 households there is less than one house on the market for sale. It is followed by Los Angeles, San Diego and Seattle metro markets.

So is inventory plentiful in Miami? Far from it. In fact, it is less than half of what it was in 2010. But compared to San Francisco, Miami boasts more than six times as many homes on the market.

Hover over the interactive map below to see how your market stacks up.

Read other Did You Know? posts in our series to celebrate National Homeownership Month.

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