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Post Info TOPIC: Lack of Homes on the Market
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Status: Offline
Posts: 7
Date: May 11 11:36:28 2010
Lack of Homes on the Market


What's the problem with the real estate market nowadays?  After prices plummeted and the rate of foreclosure went through the roof?  Now there aren't enough homes for sale in many areas.  The Waynesville real estate market has definitely seen better days, but continues to chug along. 

The average rate that homes are on the market these days is running at around eight months worth.  Inventory dropped two percent compared to a year ago and down almost twenty-two percent when compared to 2008's numbers.

Some areas are worse than others.  Phoenix, Az has been assaulted by the real estate crash and now it's inventory is down to a four month supply, Denver is down
to less than a six month supply, while San Francisco's numbers have been literally cut in half with only a three month supply of homes on the market.





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