Home Inventories Down 34% Nationwide

We’ve been seeing it here in Atlanta and now we have confirmation that it’s happening nationwide.  There just aren’t many homes available to buy right now.  According to Realtor.com in July 2010 there were 2.8 million homes on the market but as of last month that number had fallen by a third !   It’s frustrating for buyers that still see a weak economy but are having trouble finding a home or are finding out there might be a bidding war on the house they want.  Here in Atlanta we’ve seen inventory drop from a high of over 100,000 homes on the market to a current inventory of 43,000.  we’re expecting this number to drop to 30,000 by the end of the year.  In this environment you need an experienced Realtor so you don’t over pay or get rushed on a decision.  If you’re thinking of making a move give us a call or email today.

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One Response to “Home Inventories Down 34% Nationwide”

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