New home listings have languished this year, with 12.7% fewer nationwide in August compared with one year earlier, according to an analysis by real estate platform Zillow.
Yet, things have improved nicely over the past month. In that time, listings are up 4% nationwide — and much more in some markets.
Following are the markets with the largest one-month jumps in listings across the 50 largest metropolitan areas.
1. Milwaukee
Change in the number of new for-sale listings in this metro:
- From July to August: 20.8%
- From last August to this August: 8.5%
If you visit Milwaukee, be sure to take in the nightly lighting of one of the Wisconsin city’s most famous landmarks, the Daniel Hoan Memorial Bridge.
2. San Jose, California
Change in the number of new for-sale listings in this metro:
- From July to August: 18.6%
- From last August to this August: -2.5%
At one time, San Jose was the capital of California. The state’s leaders gathered in a two-story hotel, but it burned down in 1853. The following year, the Legislature moved to Sacramento, which officially became the capital in 1879.
3. Providence, Rhode Island
Change in the number of new for-sale listings in this metro:
- From July to August: 16.9%
- From last August to this August: -10.5%
The biggest bug in the world is located on the roof of New England Pest Control in Providence. The huge blue termite is 58 feet long — or more than 900 times the size of a real termite.
Other markets with big jumps in new listings
Other markets in which the month-over-month increase in inventory was at least 8% — double the national rate — are:
- Phoenix: 14.3%
- Salt Lake City: 12.2%
- Miami: 11.5%
- Raleigh, North Carolina: 11.2%
- Indianapolis: 9.7%
- Pittsburgh: 8.5%