Keeping An Eye On The Growing Shadow Inventory Of Homes

Real Estate Agent with Joe Manausa Real Estate 8508880888

Home sellers who are trying to wait for better days are very wise if they have the staying power, but are going to be greatly disappointed if they must sell a home in the next few years. By measuring the trend of home sellers who choose to not re-enter the market, we can get a feel for the level of unlisted homes for sale that is growing.

One interesting statistic that I track on a daily basis is the number of homes that are failing to sell (AND) not re-entering the market. For our long-time readers who know about the shadow inventory, most real estate reports do not consider recently failed home sellers as part of the shadow inventory (but we know better :)). Look at the graph below and you will see that more than 3 homes each day are joining the shadow inventory.

Homes In The Shadow Inventory

Based upon the information seen in the graph above, our one-year trend for this category shows that more than 3 homes each day are leaving the market without being re-listed for sale. I would bet we can expect to see these sellers back in the market just as soon as they think they can sell, and this is most certainly real estate inventory that nobody is counting towards the current over-supply of homes for sale in Tallahassee.


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Florida Leon County Tallahassee
Posts to Localism
Market Reports
Addicted to Active Rain
homes for sale
shadow inventory
tallahassee shadow inventory
homes in the shadow inventory
homes not sold

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Joe Manausa

Tallahassee Real Estate
Looking for Tallahassee Real Estate?
Spam prevention

Additional Information