Bargain hunters and home owners who pulled their properties off the market hoping for better days down the road helped shrink the inventory of available homes in November for the second month in a row.

Total listing of homes for sale declined 2.9 percent in November compared to October, according to figures compiled from the Rocky Mount MLS.

Total listings at the end of November were less than one percent higher than they were in November 2007 in areas serviced by the Rocky Mount MLS.

Demand for housing slowed in November and pending sales were also down.  

Two months do not make a trend, but it's nice to see local inventories drop for the second month in a row.

David C Recker, Associate Broker, Realtor ® licensed in North Carolina. Reach David at: 252-442-2687

Copyright © 2008 By David C Recker, NC Real Estate Web Blog. All Rights Reserved.. *Local Inventories Improve*

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