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Winter Inventory Experiences Shrinkage

January is usually a time when home sellers, released finally from heavy distraction of the holiday season, re-enter the market. But not so this year. Says Movoto: "Across the 34 states we track, inventory decreased to its lowest point in three years." California hosts all seven major metros with the most dramatic shrinkage, with Oakland at #2, down 66.77% and San Francisco at #3, down 61.41% year-over-year. This could make being a home buyer in the Bay more cut throat than ever. [Movoto]