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The best housing markets in the country are in…Florida? Chart of the Day

If you measure “best” as “best aligned for price stability over the next 12 months,” perhaps they are. If you’ve followed our previous Chart of the Day (Chart of Most Days? Some Days?) posts, you’ll notice that we’re seeing big spike in inventory across the country. But it appears the big Florida markets are bucking the trend.  Active inventory in Miami is half what it was at the bottom of the burst in January 2009 and 25% lower than last year at this time. Prices haven’t recovered materially, but low inventory bodes well for the next twelve months.

Homes for sale in Miami, Orlando, Tampa Florida. June 2010

Active inventory of single family homes in Miami, Orland, and Tampa Florida as of June 25, 2010. 90-day rolling average.

I haven’t hypothesized on the reason, maybe just the dead-cat bounce. The weekly readings are ticking up now, so let’s see if this holds. Would love to hear your personal observations in the comments.

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