Home Value Forecast: Gains in Inventory Slowing Down Housing Market

WALTHAM, Mass., April 11, 2019 /PRNewswire/ -- This month, Home Value Forecast examines the recent speculation about a slowing of the housing market nationwide. Recent data and our monthly market report appear to support this conclusion.

Last year, 12.6% of markets had Months of Remaining Inventory (MRI) below three months, but that has reduced to 3.1% of the markets today.  Another dramatic indicator is that two-thirds of the metros we track now have Months of Remaining Inventory between four and eight months, the range normally accepted as a healthy and balanced housing market.  

In this month's report, we look at the MRI trends nationwide, as well as the month's Top Ten Hottest Markets.

Click here to read the entire report, including data and graphs that further highlight market trends discussed in this release.

About Home Value Forecast

Home Value Forecast (HVF) is brought to you by Pro Teck Valuation Services. HVF provides insight into the current and future state of the U.S. housing market and delivers 14 market snapshot graphs from the top 30 CBSAs.

Reporters interested in national, regional or metro level housing data tailored to meet story needs, please email your inquiry to [email protected].

SOURCE Pro Teck Valuation Services

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