Long Term Housing Inventory Trends Consistent February 10, 2010

After seeing the short-term housing inventory move from consumption to growth yesterday, I figured a quick look at the long-term housing inventory trends was in order. Fortunately, the number of new listings and new failures continues to fall, while the number of new pending home sales and new closed home sales continues to rise. The long-term trend of home sales in Tallahassee (365 day trend) is a look at the market without any affects from seasonality during the year.