And while inventory has been increasing in both Los Angeles and the Bay Area, Los Angeles has seen a more noticeable improvement in supply in recent months than has the Bay Area. Figure 7 illustrates the average monthly number of homes available for sale priced at more than $20 million...
Total available existing homes for sale dipped 0.9% to 2.12 million, now 5.8% below a year ago. “Seasonally adjusted, the month’s supply of homes in June 2016 was the lowest since June 2005, indicating that inventory problems still plague home buyers,” said Ralph McLaughlin, Trulia’s ch...
As for the luxury market, housing availability and prices are witnessing robust increases. The median estimated value for luxury homes rose 5.6 percent in the country’s top 100 metropolitan areas last year, Trulia said. Only two -- Houston and San Francisco -- saw declines. In those cities,...