PLAYING WHERE'S WALDO - HOUSE HUNT EDITION!!
The latest weekly performance in the resale market mirrored trends witnessed during nearly every week of 2009 – the number of units under contract rose, while the number of available listings declined.
During the past seven days, the number of available properties dipped by another 105 units, bringing total inventory to 12,553 homes. Compared to the same week of the prior year, inventory is down 43.2 %, or a decline of 9,543 units (from 22,096). Availability is at its lowest level since December 2005, a period when the median resale price was nearly $285,000; for comparison purposes, the latest median price is nearly $125,000.
