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Housing Inventory in Miami Up 6.2 Percent in July

by Peter Thomas Ricci

Housing inventory in Miami was up in July; how do those increases, though, compare with the rest of the nation?

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Housing inventory in July increased 6.2 percent year-over-year in Miami, and though inventory was down 16.2 percent nationally, the latest data from Movoto was quite encouraging for the nation’s housing markets.

For one, inventory rose an impressive 4.2 percent from June to July, and since the start of 2013, inventory is up 10.5 percent.

Housing inventory has now increased three months in a row, and given that inventory declined during the same time period in both 2012 and 2011, Movoto is optimistic on where inventory is heading.

But what about the rest of the nation? How do Miami’s inventory increases stack up with the rest of the nation? Check out our chart below for some perspective:

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