From Realtor Magazine Online, Daily Real Estate News March 5, 2009
The supply of homes for sale in the 29 major markets covered by ZipRealty Inc. was down 0.4 percent in February, a month where traditionally the number of homes on the market rises.
Compared with the same month a year ago, the February inventory in the 29 metros was down 14 percent.
While this appears to be a good sign that the market is stabilizing, some analysts attribute the decline to foreclosures not listed in the multiple listing service and people who have temporarily pulled their homes off the market.
Source: The Wall Street Journal, James R. Hagerty (03/05/2009)
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