Metros with the least housing inventory

Canva Housing has been in short supply for much of the last decade in the U.S. — though with interest rates rising and demand from buyers cooling quickly, that could change. Stacker compiled a list of the U.S. metro areas with the least inventory of active listings, using Redfin’s data and months of supply metric. Only metro areas where at least 300 homes sold in October 2022 were included. Metros include suburbs and other municipalities in the area. Months of supply is total inventory divided by home sales in October 2022. All data is for October 2022. Months of supply was used rather than total inventory because it adjusts for population. The cities with the most total inventory are often the biggest cities, so it’s necessary to compare that number to total sales to get a sense of how many houses are available. You may also like: Best places to live in the Midwest #25. Allentown, Pennsylvania Beyonce245// Wikimedia – Months of supply: 1.6 – Homes sold: 802 – Median sale price: $284,985 #24. San Jose, California Don Ramey Logan // Wikicommons – Months of supply: 1.6 – Homes sold: 997 – Median sale price: $1,350,000 #23. Rockford, Illinois John Phelan // Wikimedia – Months of supply: 1.5 – Homes sold: 389 – Median sale price: $153,000 #22. Syracuse, New York Katherine Welles // Shutterstock – Months of supply: 1.5 – Homes sold: 658 – Median sale price: $195,000 #21. Greensboro, North Carolina Diego Delso // Wikimedia Commons – Months of supply: 1.5 – Homes sold: 799 – Median sale price: $259,000 You may also like: Iconic buildings from every state #20. Winston-Salem, North Carolina tweber1// Wikimedia – Months of supply: 1.5 – Homes sold: 808 – Median sale price: $285,000 #19. Worcester, Massachusetts Kristin Nador // Flickr – Months of supply: 1.5 – Homes sold: 1,005 – Median sale price: $400,000 #18. Lincoln, Nebraska SchuminWeb // Wikimedia Commons – Months of supply: 1.4 – Homes sold: 373 – Median sale price: $270,000 #17. Fort Wayne, Indiana Sean Pavone // Shutterstock – Months of supply: 1.4 – Homes sold: 504 – Median sale price: $225,000 #16. Anchorage, Alaska Rina Pitucci // Flickr – Months of supply: 1.4 – Homes sold: 546 – Median sale price: $360,000 You may also like: The richest town in every state #15. Wichita, Kansas Stephen Zimmermann // Wikimedia Commons – Months of supply: 1.4 – Homes sold: 649 – Median sale price: $225,000 #14. Roanoke, Virginia Grguy2011 // Wikimedia Commons – Months of supply: 1.3 – Homes sold: 344 – Median sale price: $260,000 #13. Manchester, New Hampshire Ron Cogswell//Wikicommons – Months of supply: 1.3 – Homes sold: 457 – Median sale price: $415,000 #12. Harrisburg, Pennsylvania Roman Eugeniusz // Wikimedia Commons – Months of supply: 1.3 – Homes sold: 610 – Median sale price: $240,700 #11. Buffalo, New York Nicholas // Wikimedia Commons – Months of supply: 1.3 – Homes sold: 1,146 – Median sale price: $227,250 You may also like: States with the lowest property taxes #10. Grand Rapids, Michigan Jdcollins13 // Wikimedia Commons – Months of supply: 1.3 – Homes sold: 1,148 – Median sale price: $290,000 #9. Richmond, Virginia Smallbones // Wikimedia Commons – Months of supply: 1.3 – Homes sold: 1,474 – Median sale price: $345,800 #8. Evansville, Indiana Joseph Sohm // Shutterstock – Months of supply: 1.2 – Homes sold: 345 – Median sale price: $210,000 #7. Reading, Pennsylvania Smallbones // Wikimedia Commons – Months of supply: 1.2 – Homes sold: 430 – Median sale price: $226,000 #6. Jacksonville, North Carolina Theresa Marconi // Wikimedia Commons – Months of supply: 1.2 – Homes sold: 506 – Median sale price: $250,000 You may also like: Best places to live in the Midwest #5. York, Pennsylvania Burkeanwhig // Wikimedia Commons – Months of supply: 1.2 – Homes sold: 556 – Median sale price: $240,000 #4. Portland, Maine davidwilson1949 // Flickr – Months of supply: 1.2 – Homes sold: 721 – Median sale price: $450,500 #3. Lancaster, Pennsylvania John Phelan // Wikimedia Commons – Months of supply: 1 – Homes sold: 499 – Median sale price: $300,000 #2. Rochester, New York Alycat // Wikimedia Commons – Months of supply: 0.9 – Homes sold: 1,065 – Median sale price: $205,000 #1. Florence, Alabama Lauram12345 // Wikicommons – Months of supply: 0.1 – Homes sold: 2,779 – Median sale price: $119,000 You may also like: What the 50 biggest cities in America looked like 50 years ago