For-Sale Housing Inventories Shrink to New Lows

10/17/2011

Nationwide, 2.19 million homes were listed for sale at the end of September, a drop of 20 percent compared to a year earlier, and marking the lowest level on record since REALTOR.com began tracking housing inventory data in 2007.

All 146 markets that REALTOR.com tracks saw housing inventory fall year-over-year, except for Denver and El Paso, Texas. Listings were down by 49 percent in Miami, 48 percent in Phoenix, and 46 percent in Orlando, Fla.

http://realtormag.realtor.org/daily-news/2011/10/17/for-sale-housing-inventories-shrink-new-lows