Special offer

Housing Inventories Beginning to Drop

By
Services for Real Estate Pros

Altos Research conducts a regular 10-city survey on single family homes in the markets of San Francisco, San Diego, Miami, Las Vegas, Washington DC, Boston, Chicago, New York, Los Angeles, and Denver. It also monitors and provides individual city reports on 26 cities in the U.S.

The homes listed for sale in the 10 composite index cities in October fell 4.64%. In addition, only 3 of the 26 cities that are tracked had increases in on market inventory in October including San Diego, Las Vegas and Phoenix. Cities with double-digit drops in inventory included Washington DC (16%) and Austin, TX (10% decrease). It is possible that the declines in inventory is a sign that these markets are beginning to settle.

Home prices fell in the composite markets by 1.60% in October. The median price among these cities was $468,518. The largest decrease among the 10 in the composite was San Diego where single family home prices fell 3.28% in October. Other significant declines were experienced in... Click here to read the rest of this article about real estate investing and the inventory of homes

Now's your chance to get an all access pass to the hottest Real Estate Investment training available.

For just $1 you can get complete access to my new monthly coaching program, REWealthCoach Gold.

What does $1 get you? Three Monthly Live Group Coaching Calls, 1 Monthly Ask the Expert Call, Instant access to 4 hours of video training, full access to the REWealthCOach audio archives (over 1.5 years of calls already archived), UNLIMITED email support, access to the paperwork and contracts I use in my own investment business, deal partnering with no submission fees, and my awesome Insider Newsletter!

You heard me right - One Dollar for all of that. The video training immediately available to you for one dollar is worth hundreds!

Go now to www.REWealthCoach.com/rewcgold to claim your $1 Trial!

Comments (1)

Victor Zuniga
Berkshire Hathaway Home Services California Properties - San Diego, CA

Thanks for letting people know that it's not all bad everywhere. Though nationally it might be a different story in some markets we might be at rock bottom as long as consumer confidence and unemployment don't keep us or drag us down further.

Dec 20, 2010 09:22 AM