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Available Homes Shrink More Than 30% in Hottest Housing Markets
It would take less than a week to sell all the inventory in Seattle, and about 9 days for San Jose and Denver at current prices, according to Redfin.
Photographer: Bing Guan/Bloomberg
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The time it would take to sell all available homes in some of the hottest U.S. housing markets continued to shrink in December as active listings fell.
Seattle had the fewest months of supply, with San Jose and Denver close behind. Active listings in those markets fell by more than 30% in December compared to the previous month, according to data from Redfin Corp. It would take less than a week to sell all the inventory in Seattle, and about 9 days for San Jose and Denver at current prices.