Home Inventory Levels Continue To Fall

Even as the fear of shadow inventory looms over our heads, the current inventory levels in the Tallahassee MLS continues to fall. Our daily tracking of home inventory levels continues to record the decline, with short term inventory dropping at about two homes per day :

In the real estate graph above, the red area shows the trend of homes coming on the market over the past 30 days, the green area shows the trend of homes leaving the market, while the yellow shows the difference (currently two homes per day).