Metros with the fewest homes for sale
Canva
Metros with the fewest homes for sale
April is typically the beginning of the spring homebuying season, but this year, fewer sellers than usual are putting their homes on the market. Homeowners who were able to lock in record-low mortgage rates in 2020 and 2021 aren’t inclined to shop for a new house if that means getting a new mortgage. Institutional investors also snapped up huge numbers of single-family homes to turn into rental properties in recent years, while simultaneously, many older Americans are choosing to age in place.
The end result? About 20% fewer homes are being listed compared to the same time last year, according to Realtor.com data.
Of course, some cities and towns have lower inventory than others. To find out which metropolitan areas had the fewest homes for sale in April, Stacker consulted data from Realtor.com. Rankings were determined by the number of homes for sale per 10,000 residents. In the event of a tie, the total number of homes for sale was used. To be included, each metro had to have at least 75,000 residents. Metros include the main city as well as surrounding towns and suburbs.
Many of these metropolitan areas have home prices below the national median list price of $430,000, a sign affordability is top of mind for buyers. Keep reading to find out where prospective buyers are feeling the most competition for the fewest number of homes.
Canva
#35. Buffalo, New York
– Active listings per 10,000 residents: 7
– Total active listings: 766
– New listings in April: 872
– Median list price: $249,900
Canva
#34. Rochester, New York
– Active listings per 10,000 residents: 7
– Total active listings: 734
– New listings in April: 892
– Median list price: $264,900
Canva
#33. Fresno, California
– Active listings per 10,000 residents: 7
– Total active listings: 681
– New listings in April: 672
– Median list price: $443,000
Canva
#32. Worcester, Massachusetts
– Active listings per 10,000 residents: 7
– Total active listings: 674
– New listings in April: 916
– Median list price: $504,900
Jon Bilous. // Shutterstock
#31. Oxnard, California
– Active listings per 10,000 residents: 7
– Total active listings: 571
– New listings in April: 552
– Median list price: $985,000
Canva
#30. Stockton, California
– Active listings per 10,000 residents: 7
– Total active listings: 538
– New listings in April: 600
– Median list price: $579,000
Canva
#29. Reading, Pennsylvania
– Active listings per 10,000 residents: 7
– Total active listings: 300
– New listings in April: 456
– Median list price: $309,950
California Droning // Shutterstock
#28. Vallejo, California
– Active listings per 10,000 residents: 7
– Total active listings: 297
– New listings in April: 428
– Median list price: $605,280
Canva
#27. Elkhart, Indiana
– Active listings per 10,000 residents: 7
– Total active listings: 140
– New listings in April: 152
– Median list price: $299,900
Paul Brady Photography // Shutterstock
#26. Springfield, Illinois
– Active listings per 10,000 residents: 7
– Total active listings: 137
– New listings in April: 224
– Median list price: $179,945
Canva
#25. Oshkosh, Wisconsin
– Active listings per 10,000 residents: 7
– Total active listings: 113
– New listings in April: 180
– Median list price: $331,987
Canva
#24. Lumberton, North Carolina
– Active listings per 10,000 residents: 7
– Total active listings: 87
– New listings in April: 64
– Median list price: $261,900
Lewis Liu // Shutterstock
#23. Ithaca, New York
– Active listings per 10,000 residents: 7
– Total active listings: 69
– New listings in April: 68
– Median list price: $449,000
Jake M Media // Shutterstock
#22. Bay City, Michigan
– Active listings per 10,000 residents: 7
– Total active listings: 68
– New listings in April: 96
– Median list price: $177,500
Canva
#21. Midland, Michigan
– Active listings per 10,000 residents: 7
– Total active listings: 62
– New listings in April: 76
– Median list price: $292,500
PQK // Shutterstock
#20. Auburn, New York
– Active listings per 10,000 residents: 7
– Total active listings: 54
– New listings in April: 56
– Median list price: $265,000
Dancestrokes // Shutterstock
#19. San Diego
– Active listings per 10,000 residents: 6
– Total active listings: 1,948
– New listings in April: 2,144
– Median list price: $999,970
Canva
#18. Springfield, Massachusetts
– Active listings per 10,000 residents: 6
– Total active listings: 437
– New listings in April: 560
– Median list price: $369,000
Canva
#17. Lancaster, Pennsylvania
– Active listings per 10,000 residents: 6
– Total active listings: 327
– New listings in April: 416
– Median list price: $399,900
Canva
#16. Modesto, California
– Active listings per 10,000 residents: 6
– Total active listings: 319
– New listings in April: 380
– Median list price: $520,000
Canva
#15. Salinas, California
– Active listings per 10,000 residents: 6
– Total active listings: 272
– New listings in April: 196
– Median list price: $1,300,000
Sean Pavone // Shutterstock
#14. Manchester, New Hampshire
– Active listings per 10,000 residents: 6
– Total active listings: 248
– New listings in April: 400
– Median list price: $532,500
Canva
#13. Santa Maria, California
– Active listings per 10,000 residents: 6
– Total active listings: 247
– New listings in April: 200
– Median list price: $1,895,000
Cheri Alguire // Shutterstock
#12. Rockford, Illinois
– Active listings per 10,000 residents: 6
– Total active listings: 196
– New listings in April: 312
– Median list price: $180,000
Canva
#11. Erie, Pennsylvania
– Active listings per 10,000 residents: 6
– Total active listings: 173
– New listings in April: 172
– Median list price: $229,950
Jacob Boomsma // Shutterstock
#10. El Centro, California
– Active listings per 10,000 residents: 6
– Total active listings: 105
– New listings in April: 88
– Median list price: $354,950
Canva
#9. Concord, New Hampshire
– Active listings per 10,000 residents: 6
– Total active listings: 97
– New listings in April: 148
– Median list price: $522,450
James Marciniak // Shutterstock
#8. Springfield, Ohio
– Active listings per 10,000 residents: 6
– Total active listings: 87
– New listings in April: 104
– Median list price: $157,250
Canva
#7. Wooster, Ohio
– Active listings per 10,000 residents: 6
– Total active listings: 71
– New listings in April: 80
– Median list price: $239,450
Canva
#6. Farmington, New Mexico
– Active listings per 10,000 residents: 6
– Total active listings: 69
– New listings in April: 64
– Median list price: $342,000
Canva
#5. Lafayette, Indiana
– Active listings per 10,000 residents: 5
– Total active listings: 107
– New listings in April: 188
– Median list price: $329,000
Canva
#4. Wausau, Wisconsin
– Active listings per 10,000 residents: 5
– Total active listings: 87
– New listings in April: 104
– Median list price: $272,950
Canva
#3. Lewiston, Maine
– Active listings per 10,000 residents: 5
– Total active listings: 60
– New listings in April: 80
– Median list price: $324,900
Donna Wickerham // Shutterstock
#2. Mansfield, Ohio
– Active listings per 10,000 residents: 5
– Total active listings: 57
– New listings in April: 112
– Median list price: $169,950
Uladzik Kryhin // Shutterstock
#1. San Jose, California
– Active listings per 10,000 residents: 4
– Total active listings: 884
– New listings in April: 1,128
– Median list price: $1,524,999
Data reporting by Elena Cox. Story editing by Jeff Inglis. Copy editing by Paris Close.
