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Inventory of For-Sale Homes Falls 20% From Year Ago

Tuesday, June 19, 2012   /   by Carlos J Higareda

Inventory of For-Sale Homes Falls 20% From Year Ago

We are seeing a shortage of inventory in our market also!


 


Inventory of For-Sale Homes Falls 20% From Year Ago


 


The number of homes on the market continues to become a shrinking pool. Inventory of for-sale single-family homes, condos, townhomes, and co-ops dropped 20 percent in May compared to year-ago levels, according to data from REALTOR.com of 146 markets.


Inventories in May declined in all but two -- Philadelphia and Shreveport-Bossier City, La. -- of the 146 markets tracked by Realtor.com.


While inventories were on the decline, the median national list price was on the rise, inching up 3.17 percent in May compared to May 2011.


“These key indicators continue to suggest that the housing market is steadily moving along a path of stabilization and gradual recovery,” Realtor.com notes.


 


By Melissa Dittmann Tracey, REALTOR® Magazine Daily News

eXp Realty
Carlos Higareda
719 Virginia Ave, Suite 101
Indianapolis, IN 46203
317-590-2901
317-881-3700

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