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Sean Anderson's Blog

By Sean Anderson | Agent in Marietta, GA

Six Reasons Housing Inventory Keeps Declining

WSJ.com January 22, 2013 Home sales in December dropped by 1% from November, the National Association of Realtors reported on Tuesday, but still stood nearly 13% above the levels of one year ago. That means home sales have risen from the year-ago month for 18 straight months.

For 2012 as a whole, sales were up 9% to 4.65 million units, the highest annual total since 2007.

Prices, meanwhile, are picking up because the number of homes for sale continues to drop despite the sales volume gains. The number of homes for sale fell to 1.82 million at the end of 2012, an 8.5% drop from November and a 21.6% decline from one year earlier, the Realtors’ group said on Tuesday.

Comments

By Simon Campbell,  Thu Jan 24 2013, 19:50
The Atlanta market is picking up as well, even if slowly. Foreclosures are down by over half of the average for the State of Georgia. Georgia is averaging one foreclosure for every 431 homes but Atlanta is averaging only one in 905 yet wages are about the same and average home values are twice that of the state. Check out more interesting facts about the Atlanta real estate market by reading my latest infographic at http://www.bankforeclosuressale.com/wp/article-11214078.html.

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