Lower Priced Market Segments See Largest Swings In Housing Inventory

Not all price ranges are created equally, it seems.

The hardest hit price range, perhaps unsurprisingly, is the under $200K price range -- where we have seen a 57% decline in the number of homes for sale over the past two years.  Of note -- part of the problem here is increasing home values -- which prices some homes out of the "under $200K" price range.  Regardless, though, buyers looking to stay under $200K for their home purchase are having an ever more difficult time doing so.

The $200K - $300K market also had a sizable (26%) decline in the number of homes actively listed for sale as compared to two years ago. 

Both the $300K - $400K and the $400K+ price ranges only saw slight (-5%, -7%) declines in inventory levels - so not a marked difference from where inventory levels were two years ago..