Washington, D.C.'s low median
age of housing inventory (54 days, nine days less than the national average), even lower vacancy rate (5.20 percent, about 23 percent less than the national average), and moderately high annual job growth rate of 2.19 percent indicate that demand for housing there is and will likely remain quite strong for some time.
Washington, D.C.'s low median
age of housing inventory (54 days, nine days less than the national average), even lower vacancy rate (5.20 percent, about 23 percent less than the national average), and moderately high annual job growth rate of 2.19 percent indicate that demand for housing there is and will likely remain quite strong, making D.C. a profitable market for rental real estate investors for quarters to come.
Nashville's stellar annual job growth (3.44 percent, seventh - highest in the U.S.), moderately low vacancy rate (4.80 percent, almost 30 percent lower than the national average), and even lower median
age of housing inventory (a mere 42 days, 33 percent lower than the national average) also highlight how exceptionally strong the demand for Nashville housing currently is and will likely continue to be for many quarters to come.
Austin's booming population (helped out by its 3.26 percent annual job growth rate, one of the highest such rates in the country) has led to the moderately - low local vacancy rate and median
age of housing inventory of just 4.50 percent and 46 days, respectively.
Not exact matches
• Property
age:
Inventory homes provide better insights
of its neighborhood qualities as yards are mature and more established; then depending how old
house is it may require more or less maintenance.
Realtor.com ®'s February 2013 national
housing data indicates that listing
inventories increased 1.15 percent month - over-month; median
age of inventory was at 98 days, a 9.26 percent decrease month - over-month; and median list prices were slightly higher month - over-month at $ 189,900.
Methodology: realtor.com ® examined key
housing indicators including: search rank, median list price, year - over-year change in
inventory, median
age of inventory and unemployment rates across 146 markets and evaluated the metrics against the needs and desires
of the typical first - time home buyer.
Not surprisingly, in light
of the amount
of non-stabilized properties in the market, the
age of inventory in the Southeast is a bit younger than the national stock
of seniors
housing properties.
Just like the nation's population, the
inventory of seniors
housing is
aging.