The housing industry is being scrutinized for signs of improvement, with many predicting a recovery, many predicting a double-dip and others expecting continued sideways movement. Clearly, what’s coming next is far from certain.
One reason for such mixed reports is the variety of statistics being looked to as indicators. And even when one of those statistics is clearly moving in a good (or bad direction), the results are far from uniform across the nation.
So, we looked at five such statistics — total inventory, median list price, percent of distressed sales, median days on market and median price per square foot — to find out where things are the most extreme.
Using data provided by Movoto Real Estate — a real estate database and licensed brokerage in 30 states that connects prospective home buyers with accurate listings, top-rated agents and photo galleries — here are the best and worst cities by those five standards: