Inventory levels (number of active homes on the market) continues to trend downward with January 2010 posting 13.4% fewer homes on the market than this time last year. You can really see the trend by comparing the level of listing inventory in January 2008 with 18,716 homes on the market to January 2010 with 13,030 homes on the market a 34% decrease.
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#1 by Matt Kuchar on February 11, 2010 - 12:49 am
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Sales are going to be slow until we get some inventory. That chart tells a scary story.