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The Future Sees An Increase in Housing Inventory

November 29, 2022
Studies reveal that the population in many communities is ramping up.  Gainesville, Georgia has seen its population jump from 100,000 to 250,000 with around 15,000 projected listings.  Other areas in the county that have seen an increase in population are Port St. Lucie, FL with 23,800, Durham-Chapel Hill, NC with 44,850, North Port-Sarasota-Bradenton, FL with 40,141, Nashville-Davidons-Murfreesboro-Franklin, TN with 82,050, Phoenix-Mesa-Chandler AZ with 136,394 and New York-Newark-Jersey City, NY-NJ-PA comes in at 280,999. The market in June 2023 is predicted to see 7.3 million homes come on the market in the 364 Metropolitan Statistical Area (MSA).
Families with children in grades K-12 should make up 22.5% of the market presence of all homes sold in the country. The report broke down each MSA by size and concluded that of those markets with a population of less than 100,000 Rome, GA had the most predicted listings to hit market by June 2023 at 4,323 properties.

Below follows a list of those markets with most homes predicted to come on the market through June 2023 in eight different population sizes:

Markets Under 100,000 Population Predicted Listings Through June 2023
Rome, Ga. 4,323
Corvallis, Oregon 4,027
Midland, Mich. 3,998
Columbus, Ind. 3,879
Kokomo, Ind. 3,395
Cape Girardeau, Mo.-Ill. 2,869
Victoria, Texas 2,792
Casper, Wyo. 2,669
Elmira, N.Y. 2,651
Grants Pass, Ore. 2,541
Markets 100,000-250,000 Population Predicted Listings Through June 2023
Gainesville, Ga. 14,911
Appleton, Wis. 14,050
Iowa City, Iowa 11,285
Punta Gorda, Fla. 11,272
Barnstable Town, Mass. 10,372
Daphne-Fairhope-Foley, Ala. 10,248
Charlottesville, Va. 9,704
Oshkosh-Neenah, Wis. 8,826
Rochester, Minn. 8,808
Bend, Ore. 8,499
Markets 250,000-500,000 Population Predicted Listings Through June 2023
Port St. Lucie, Fla. 23,800
Greeley, Colo. 22,522
Fort Collins, Colo. 20,395
Naples-Marco Island, Fla. 20,041
Myrtle Beach-Conway-North Myrtle Beach, S.C.-N.C. 19,061
Reno, Nev. 17,956
York-Hanover, Pa. 17,448
Fort Wayne, Ind. 17,037
Boulder, Colo. 16,591
Springfield, Mo. 15,594
Markets 500,000-750,000 Population Predicted Listings Through June 2023
Durham-Chapel Hill, N.C. 44,850
Des Moines-West Des Moines, Iowa 34,677
Akron, Ohio 24,866
Provo-Orem, Utah 24,726
Fayetteville, N.C. 24,490
Lakeland-Winter Haven, Fla. 23,979
Port St. Lucie, Fla. 23,800
Deltona-Daytona Beach-Ormond Beach, Fla. 23,495
Winston-Salem, N.C. 23,404
Madison, Wis. 22,760
Markets 750,000-1 Million Population Predicted Listings Through June 2023
North Port-Sarasota-Bradenton, Fa. 40,141
Cape Coral-Fort Myers, Fla. 35,609
Omaha-Council Bluffs, Neb.-Iowa 34,113
Colorado Springs, Colo. 32,345
Greenville-Anderson, S.C. 30,573
Columbia, S.C. 29,307
Charleston-North Charleston, S.C. 28,193
Worcester, Mass.-Conn. 27,969
Knoxville, Tenn. 27,020
Allentown-Bethlehem-Easton, Pa.-NJ. 26,980
Markets 1-2 Million Population Predicted Listings Through June 2023
Nashville-Davidson–Murfreesboro–Franklin, Tenn. 82,050
Raleigh-Cary, N.C. 66,952
Jacksonville, Fla. 64,055
Richmond, Va. 46,963
Oklahoma City, Okla. 42,448
Salt Lake City, Utah 38,769
Providence-Warwick, R.I.-Mass. 38,738
Louisville/Jefferson County, Ky.-Ind. 37,593
Hartford-East Hartford-Middletown, Conn. 36,282
Milwaukee-Waukesha, Wis. 33,408
Markets 2-4 Million Population Predicted Listings Through June 2023
Phoenix-Mesa-Chandler, Ariz. 136,394
San Francisco-Oakland-Berkeley, Calif. 117,457
Boston-Cambridge-Newton, Mass.-N.H. 114,061
Riverside-San Bernardino-Ontario, Calif. 107,895
Denver-Aurora-Lakewood, Colo. 100,250
Detroit-Warren-Dearborn, Mich. 96,938
Tampa-St. Petersburg-Clearwater, Fla. 93,578
Charlotte-Concord-Gastonia, N.C.-S.C. 93,354
Orlando-Kissimmee-Sanford, Fla. 89,535
San Diego-Chula Vista-Carlsbad, Calif. 82,928
Markets Under Above 4 Million Population Predicted Listings Through June 2023
New York-Newark-Jersey City, N.Y.-N.J.-Pa. 280,999
Dallas-Fort Worth-Arlington, Texas 235,338
Chicago-Naperville-Elgin, Ill.-Ind.-Wisc. 225,742
Los Angeles-Long Beach-Anaheim, Calif. 214,522
Washington-Arlington-Alexandria, DC-Va.-Md.-W.Va. 213,012
Atlanta-Sandy Springs-Alpharetta, Ga. 208,133
Houston-The Woodlands-Sugar Land, Texas 202,488
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. 150,759
Miami-Fort Lauderdale-Pompano Beach, Fla. 96,356

Click Here For the Source of the Information.

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