Metros with the least housing inventory

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This story was originally published by Stacker on Dec. 7.

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.

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#25. Allentown, Pennsylvania

– Months of supply: 1.6
– Homes sold: 802
– Median sale price: $284,985

Don Ramey Logan // Wikicommons

#24. San Jose, California

– Months of supply: 1.6
– Homes sold: 997
– Median sale price: $1,350,000

John Phelan // Wikimedia

#23. Rockford, Illinois

– Months of supply: 1.5
– Homes sold: 389
– Median sale price: $153,000

Katherine Welles // Shutterstock

#22. Syracuse, New York

– Months of supply: 1.5
– Homes sold: 658
– Median sale price: $195,000

Diego Delso // Wikimedia Commons

#21. Greensboro, North Carolina

– Months of supply: 1.5
– Homes sold: 799
– Median sale price: $259,000

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#20. Winston-Salem, North Carolina

– Months of supply: 1.5
– Homes sold: 808
– Median sale price: $285,000

Kristin Nador // Flickr

#19. Worcester, Massachusetts

– Months of supply: 1.5
– Homes sold: 1,005
– Median sale price: $400,000

SchuminWeb // Wikimedia Commons

#18. Lincoln, Nebraska

– Months of supply: 1.4
– Homes sold: 373
– Median sale price: $270,000

Sean Pavone // Shutterstock

#17. Fort Wayne, Indiana

– Months of supply: 1.4
– Homes sold: 504
– Median sale price: $225,000

Rina Pitucci // Flickr

#16. Anchorage, Alaska

– Months of supply: 1.4
– Homes sold: 546
– Median sale price: $360,000

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#15. Wichita, Kansas

– Months of supply: 1.4
– Homes sold: 649
– Median sale price: $225,000

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#14. Roanoke, Virginia

– Months of supply: 1.3
– Homes sold: 344
– Median sale price: $260,000

Ron Cogswell//Wikicommons

#13. Manchester, New Hampshire

– Months of supply: 1.3
– Homes sold: 457
– Median sale price: $415,000

Roman Eugeniusz // Wikimedia Commons

#12. Harrisburg, Pennsylvania

– Months of supply: 1.3
– Homes sold: 610
– Median sale price: $240,700

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#11. Buffalo, New York

– Months of supply: 1.3
– Homes sold: 1,146
– Median sale price: $227,250

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#10. Grand Rapids, Michigan

– Months of supply: 1.3
– Homes sold: 1,148
– Median sale price: $290,000

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#9. Richmond, Virginia

– Months of supply: 1.3
– Homes sold: 1,474
– Median sale price: $345,800

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#8. Evansville, Indiana

– Months of supply: 1.2
– Homes sold: 345
– Median sale price: $210,000

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#7. Reading, Pennsylvania

– Months of supply: 1.2
– Homes sold: 430
– Median sale price: $226,000

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#6. Jacksonville, North Carolina

– Months of supply: 1.2
– Homes sold: 506
– Median sale price: $250,000

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#5. York, Pennsylvania

– Months of supply: 1.2
– Homes sold: 556
– Median sale price: $240,000

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#4. Portland, Maine

– Months of supply: 1.2
– Homes sold: 721
– Median sale price: $450,500

John Phelan // Wikimedia Commons

#3. Lancaster, Pennsylvania

– Months of supply: 1
– Homes sold: 499
– Median sale price: $300,000

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#2. Rochester, New York

– Months of supply: 0.9
– Homes sold: 1,065
– Median sale price: $205,000

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#1. Florence, Alabama

– Months of supply: 0.1
– Homes sold: 2,779
– Median sale price: $119,000

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