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[...] Lowest Inventory in Six Years (economistsoutlook.blogs.realtor.org) [...]
[...] posted a NAR Research piece from Lawrence Yun documenting recent declines in inventory on Facebook earlier today and chimed in with my housing [...]
Thanks for this post, Lawrence, and for your enthusiasm as well about the real estate sector. Truly encouraging…even though the recovery is snail-paced, still, it’s a significant recovery.
[...] The total homes listed for sale continue to move downward. The latest decline in October to 3.33 million was partly seasonal, as autumn and winter months nearly always have fewer listings in comparison with spring and summer months. Still, examining listings only in the month of October (so as to get an apple-to-apple comparison), this year saw the lowest inventory since 2005. ~Lawrence Yun, Chief Economist NAR Read more [...]
I can only hope that this will be good news for the rest of the economy. I think that as the real estate market rebounds we will see the rest of the the US economy follow in about 6 to 12 months. We need this. Thanks for the post
Comparing homes available for sale and monthly inventory October 2010 to October 2011 In the Palm Springs area of California :
The monthly inventory based on closed sales dropped from 8.5 to 7.3 in spite the fact that summer is our slow season .
The monthly Inventory based on pending sales dropped from 7.2 in Oct. 2010 to 4.7 in Oct. 2011.
The median home price though fluctuated upward in Winter and Spring from $166K to $202K in May 2011, went back down to $166K for October 2011.
[...] Click here to see national inventory trends for October going back to 2001. Here's a chart listing the [...]
[...] Lowest Inventory in Six Years. According to this post from the National Association of Realtors, we are now seeing the lowest inventory levels we’ve seen since 2005! This is great news for the real estate market! And it isn’t just a nationwide thing, we have seen the same thing happening in our local Indianapolis real estate market. [...]
[...] Lowest Inventory in Six Years. According to this post from the National Association of Realtors, we are now seeing the lowest inventory levels we’ve seen since 2005! This is great news for the real estate market! And it isn’t just a nationwide thing, we have seen the same thing happening in our local Indianapolis real estate market. [...]