Real Estate: Inventory of Unsold Homes Growing Steadily Across the Nation • 05.01.04
The nation’s inventory of unsold homes – an important component of a more balanced housing market in the second half of 2005 – is growing steadily in many areas of the country even though buyer demand continues strong, according to the latest HouseHunt, Inc., quarterly “Current Market Conditions” survey. The percentage of member real estate agents reporting plentiful vs. limited supplies increased from 33% in the first quarter to 38% in April, May and June.
Exceptions would be South Florida, Arizona, Southern California and certain other housing and job growth hot spots.
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