All 146 markets posted a drop in their inventory, except Hartford, Conn., and Philadelphia.
The nationwide median list price in March also saw improvement, increasing more than 5% last month compared to last year at this time.
The housing picture is much different than last year at this time, when inventory was up 26% and list prices were down 4.81%.
The Florida metros that posted the biggest drops in listings of for-sale homes in the last year are:
Fort Lauderdale, Fla.: -39.66%
Tampa-St. Petersburg-Clearwater, Fla.: -37.35%
In the Southwest Florida market, specifically Naples, Bonita Springs and Estero, the number of properties placed on the market in March 2012 is the lowest for the month in nine years.
On April 1, 2012, available inventory in the combined Naples, Bonita Springs and Estero market was just 7,625 units (4,106 condominiums and 3,519 single-family homes).
This represents a 5% decrease from April 1, 2011 and is approximately an 8.9 month supply based on closings for the past 12 months.
Are you ready to buy in Southwest Florida?
To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.