Seasonal Housing Inventory Reduction
Every year, we see inventory (the number of homes for sale in Tallahassee) grow during the early months of the year, and then we see it a seasonal housing inventory reduction during the last months of the year. Apparently, 2010 is not going to be any different.
In the real estate graph above, the red area shows the number of homes coming onto the market, the green area shows the homes leaving the market, while the yellow measures the difference (or rate of change). The seasonal housing inventory reduction began in June this year, much inline with the previous two years.
You can see a fairly consistent seasonal effect each year, but notice how everything is falling from 2008 to present. While falling inventory would normally be a good thing, falling demand neutralizes the benefit. If you select the most recent report in the right sidebar of this blog, you will see that relative supply of homes is actually rising.
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