Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years
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“A marginal decrease in the unsold inventory by 21% YoY. However, this is due to low launch of housing projects number in 2018,” Knight Frank’s report said. The residential market in Chennai shows.
Housing Inventory Hits 30-Year Low. Posted by Marin Agent Connect on Wednesday, but rather a lack of inventory. As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years." CoreLogic’s President & CEO,
Only 2,600 (or 3.35%) of the total unsold inventory of 77,460 residential units have been completed in Mumbai as well as Thane and Navi.
Sales of new homes have fallen 18% in the past 2 years. The median price of new. lurk in the shadows and are not counted. shadow inventory has surged in many cities. In Las Vegas it went up to 48%.
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MMR cleared a mere 4% of its unsold inventory in the same period. In short, NCR has halved its unsold housing inventory overhang – from 90 months in Q1 2017 to 45 months in Q1 2019. The current housing inventory level now stands at 6.65 lakh units across the top 7 cities – nowhere near the lowest level of 4.96 lakh units seen in 2013.
Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years by Arun Chitnis ANAROCK’s most recent data reveals that residential inventory in the top 7 cities overhang plunged to 30 months’ worth in Q1 2019.
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Housing Inventory Hits 30-Year Low 2.9K shares;. the unsold inventory as a share of all households is 1.9 percent, affordability will likely become a much bigger challenge in the years ahead until the industry resolves the housing supply challenge.".