I run some statistics each Monday.  One of them is the inventory of housing units (all types - but they are mostly single family) in the Intracoastal section of West Palm Beach, Florida, Palm Beach County, south of Okeechobee Blvd. down to the town of Lake Worth and east of I-95. 

This morning's total came at 435.  I flipped back through my chart to this time last year and the number was ..... 538.  That's a 19+% drop.  "They" said we had a 5 year supply of inventory - and this would reduce it to four years - but there is always a supply of inventory; never ZERO.  So, Hey, we are headed in the right direction!