The spring housing market just lost more than 200,000 new listings
Up to be a very good one for sellers as a sharp drop in new listings due to severe weather, combined with already record low supply will increase prices and encourage bidding wars. There are 200,000 fewer homes on the market now than this time last year. Now there is a silver lining for local buyers. The three major cities, seeing an increase in inventory to are in the Bay Area, San Jose and San Francisco. Now there is one caveat.