KIRO Radio's Tom Kelly digs deep into the Puget Sound real estate market
Real Estate

Local inventory plummets 45 percent as sellers hold back

Inventory levels of for-sale homes at the end of 2012 were down 17.3 percent from year-ago levels, reaching the lowest level in more than five years, Realtor.com reported.

In the Seattle-Bellevue-Everett region, inventories were down 45 percent.

For-sale inventories dropped the most year-over-year in December 2012 in the following metros:

  • Sacramento, Calif.: -68%
  • Stockton-Lodi, Calif.: -65%
  • Oakland, Calif.: -64%
  • San Jose, Calif.: -52%
  • Seattle-Bellevue-Everett, Wash.: -45%
  • San Francisco: -43%
  • Ventura, Calif.: -43%
  • Riverside-San Bernardino, Calif.: -41%
  • Los Angeles-Long Beach, Calif.: -40%
  • Orange County, Calif.: -39%
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