Local Housing Inventory Has Been Declining

By
Industry Observer with No longer practicing real estate as of 2008.

Over the past year, the Manatee County housing inventory has slowly been declining.  Excess inventory is starting to get burned off and we are moving in the direction of more "normal" numbers and a "normal" market.  We still have a lot of inventory on hand, but we don't have as many new listings coming on the market each day as we once did.

In June 2007, there were 4,341 Single Family Homes on the market.  Today there are 3,859.  That's about an 11% decline over the past year.

In June 2007, there were 2,047 Condos on the market.  Today there are 1,682.  That's about a 17.5% decline over the past year.

 

 

 

 

 

 

 

 

 

 

 

*Information is deemed to be accurate, but is not guaranteed

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