{"id":924,"date":"2019-04-12T15:57:00","date_gmt":"2019-04-12T15:57:00","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2019\/04\/12\/house-report-inventory-gaining-with-notable-exceptions\/"},"modified":"2025-03-13T02:11:50","modified_gmt":"2025-03-13T02:11:50","slug":"house-report-inventory-gaining-with-notable-exceptions","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2019\/04\/12\/house-report-inventory-gaining-with-notable-exceptions\/","title":{"rendered":"House Report: Inventory Gaining, With Notable Exceptions"},"content":{"rendered":"<h4>Pro Teck Valuation Services&#8217; monthly Home Value Forecast uses a number of leading real estate market-based indicators to report on activity in the single-family home markets in the U.S., and concludes the market is slowing down.<\/h4>\n<p>Pro Teck Valuation Services&#8217; <a href=\"https:\/\/www.proteckservices.com\/hvf-gains-in-inventory-april-2019\/\" target=\"_blank\" rel=\"noopener\">monthly report <\/a>of housing inventory is showing an increasing number of markets that have a balanced supply, which is good news for buyers. A key measure, Months of Remaining Inventory (MRI), is calculated by dividing the number of&nbsp;households on the market by the number that sell every month.<\/p>\n<p><!--more--><\/p>\n<p>Last year, 12.6% of markets had MRIs below three months, which is decidedly a seller&#8217;s market. That percentage has dwindled to 3.1% of the markets today, says Pro Teck. The seller&#8217;s markets are:<\/p>\n<ul>\n<li>Boise, Idaho<\/li>\n<li>Tacoma-Lakewood, Wash.<\/li>\n<li>Olympia-Tumwater, Wash.<\/li>\n<li>Denver-Aurora-Lakewood, Colo.<\/li>\n<li>Chico, Calif.<\/li>\n<li>Bremerton-Silverdale, Wash.<\/li>\n<li>San Jose-Sunnyvale-Santa Clara, Calif.<\/li>\n<\/ul>\n<p>The good news, says Pro Teck, is that two-thirds of the metros it tracks have Months of Remaining Inventory between four and eight months, the range normally accepted as a healthy and balanced housing market. Pro Teck notes that the market with the most momentum at the moment is Washington, D.C., and its surrounding suburbs, including Alexandria, Va., where <a href=\"the-amazon-effect-new-york-and-virginia-locations-for-hq2\/\">Amazon will locate its HQ2<\/a>.&nbsp;Price appreciation in the region is highly correlated with employment gains and should continue as Amazon\u2019s presence increases.<\/p>\n<p>The report showed a significant increase in markets where&nbsp;Months of Remaining Inventory exceeds six months: In 2018, that percentage was 30.4%; in 2019, it is 46.7%.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-56949\" src=\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2021\/01\/pro-teck-valuation.png\" alt=\"pro teck valuation\" width=\"673\" height=\"392\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pro Teck Valuation Services&#8217; monthly Home Value Forecast uses a number of leading real estate market-based indicators to report on activity in the single-family home markets in the U.S., and concludes the market is slowing down. Pro Teck Valuation Services&#8217; monthly report of housing inventory is showing an increasing number of markets that have a [&hellip;]<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>House Report: Inventory Gaining, With Notable Exceptions<\/title>\n<meta name=\"description\" content=\"Pro Teck Valuation Services&#039; monthly report of housing inventory is showing an increasing number of markets that have a balanced supply, which 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