Reports Inventory Down, Prices Up

Housing inventories are down and list prices are up, according to real estate search site, In September, the national inventory of homes for sale (single family homes, condos, townhouses and co-ops) dropped 3.27 percent from August and an astonishing 20 percent year over year. Additionally, the median list price rose 1.6 percent to $190,000 compared to one year ago- not a substantial jump, but a positive sign that it has not fallen. was cautious optimistic stating, “While such developments can be viewed as encouraging, markets remain fragile and could easily begin to deteriorate with further weakening of the economy or increases in foreclosure rates.”

from AGBeat

Leave a comment

Filed under Industry Articles and Trends

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s