8/27/2004

Unsold inventory increases

Buyers can breath a little easier, more inventory on the market and more price reductions in some areas. The price reductions may be seen as a "market correction", not necessary as a huge drop in teh future of the median price. In July, the unsold inventory index increased to 3 months on a statewide level, meaning it would take that long to deplete the current housing supply on the market. For more, click on the CAR article here.

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