In today's Wall Street Journal the following

The number of homes listed for sale in many U.S. cities continued to fall in April in what some analysts see as a sign that the market may be nearing a bottom...The supply of homes for sale in 29 major metropolitan areas at the end of April was down 3.6% from a month earlier, according to figures compiled by ZipRealty Inc., a real-estate brokerage firm based in Emeryville, Calif.

This is excellent news although the period being examined is relatively short.

In some of the markets most affecting Maui real estate Bakersfield inventory was down 14%, Orange County was down 8%, San Diego and Sacramento 5%, Las Vegas down 11%, Los Angeles down 14%.

This is GREAT news.

 
Posted by Sean Crowley on 05/21/2009 01:01 AM   Comments (3)   Inventory Report in the Real Estate Market Channel   inventory, market reports  
This post has been included in Hawaii Information
Post is included in group: The Hawaiian Connection
Post is included in group: Hawaii's Home Brokers
Post is included in group: Hawaii Real Estate Professionals
Post is included in group: Diary of a Realtor

3 Comments on DECLINING NATIONAL INVENTORY

MAY
21
177,006 Points 1 Featured Post

Interesting information Sean.  I thought I had heard CA was not yet part of the improvement but don't recall the source.  I like your figures better.
4:28am • #1
483,136 Points 41 Featured Posts Localism Sponsor Outside Blog Hit Router

In our area the lower numbers are a result of the foreclosure moratoraium from last fall.  The damn is going to break soon and then we are expecting a new wave of properties on the market.
6:24am • #2
411,155 Points 3 Featured Posts Outside Blog

Some of the real news isn't getting to the consumer.  The mdia would still rather print and and all bad news, even if not FULLY truthful.
7:27am • #3

Leave a response…

(optional)
What does the graphic say?
 
Rainmaker_large

Sean Crowley

Wailea, HI

More about me…

Tom and Sean Maui Real Estate

Address: 161 Wailea Ike Place, Suite A-104 , Wailea, HI, 96753

Office Phone: (866) 476-6284

Cell Phone: (808) 281-8706

Email Me

Maui Real Estate News We will be updating this site frequently to keep you up to date on all matters which might impact Kamaole Sands Real Estate. To look at recent posts that are no longer on the frontpage, please click on the appropriate category in the right hand column. Please let us know if there is something specific you'd like us to keep you apprised of! Mahalo. - Tom & Sean Real Estate's Leading Edge


Links

Archives

RSS 2.0 Feed for this blog

Find HI real estate agents and Wailea real estate on ActiveRain.