Wednesday, July 30, 2008
There's another one of those cool interactive graphics up over at the Wall Street Journal, this one for the various metro area housing markets, and once again it's in the free section of the website (thanks Rupert).
Here's what the top ten housing markets look like when you sort by inventory:
Yikes! Miami - you have more than three years worth of houses for sale.
The corresponding article Amid Housing Slump, Glut Eases Slightly is also free.
There is data in the table for a total of 31 metro areas in all, which provides a little more insight than in the 20-city Case-Shiller Home Price Index. Cities in this list and not in Case-Shiller index are:
Many of these towns are in "better" part of the chart (i.e., only Orlando and Jacksonville appear in the top ten above) and for some reason, Cleveland is on the Shiller list but not the WSJ list.