Inventories of properties

 

AA+A

Inventories Posted Big Drop in 2012

DAILY REAL ESTATE NEWS | THURSDAY, JANUARY 10, 2013

The number of homes on the market continues to fall, according to some real estate indicators. Inventories dropped 27 percent in December 2012 compared to December 2011, according to Movoto Real Estate.

The lower inventory is giving a boost to home prices, analysis from the company says. But many home owners are still cautious, keeping their houses off the market until prices appreciate more.

Generally, the number of homes for-sale hits lows in December before starting to increase in January and peaking during late summer. But last year, inventories continued to drop throughout the year.

Source: “Housing Inventory Steadily Declines in 2012,” HousingWire (Jan. 9, 2013)

Advertisements

Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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 )

Google+ photo

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

Connecting to %s