Single-family homes are selling more slowly in some major cities than others. Forbesmagazine analyzed a variety of factors to determine where the housing business is slowest.
The cities were ranked according to the biggest increases in inventory and the largest decline in home sales during the fourth quarter of 2009.
Two cities, Nashville and Detroit, were excluded because there wasn't enough sales data. New York and San Francisco made the list primarily because they don't have large numbers of single-family homes compared to condominiums.
Otherwise, here are the cities where selling a single-family home is hardest:
- Los Angeles
- St. Louis
- San Francisco
- New York
- San Diego