Housing Supply-Demand Gaps Narrow, but Not in All Metros

U.S. housing markets are gradually moving toward balance between supply (for sale inventory) and demand (sales), though in some markets, supply-demand gaps remain. A recent report from housing market data provider Parcl Labs shows a national imbalance between home listings and demand of 33.8%. While this is an improvement from last month’s 40.3% gap, large imbalances persist in certain areas of the country, including Dallas, where there is a 58.3% gap, and Albuquerque, N.M., which recorded a supply-demand imbalance of 51.7%.

Greenville, South Carolina now leads our monitored markets with an 80.3% gap, driven by a dramatic 71.6% surge in supply against an 8.7% decline in demand. This substantial imbalance warrants close attention as it significantly exceeds the national average and it also came on fast - this is the first month Greenville has flagged. Read more