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Woodshedder
Joined Nov 11, 2007
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Existing Home Inventory declines 17% year-over-year in January

Woodshedder Sun Jan 29, 2012 6:54pm EST 1 Comment

by CalculatedRisk on 1/29/2012 02:11:00 PM

According to the deptofnumbers.com for monthly inventory (54 metro areas), listed inventory is probably back to early 2005 levels. Unfortunately the deptofnumbers only started tracking inventory in April 2006.

This graph shows the NAR estimate of existing home inventory through December (left axis) and the HousingTracker data for the 54 metro areas through January.

Read the rest here.

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One comment

  1. TJWP
    TJWP
    January 29, 2012 at 11:19 pm

    Yes the great year of home demolition. Easy to reduce inventory when you are bulldozing it.

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