Real Estate Inventories Falling?

While two data points don’t make a trend, lots of real estate red ink on the BubbleWire today. San Francisco and Chicago in particular have sizable amounts of house and condo inventory coming off. Is it because they are selling, or is it because people are taking non-selling product off the market? Me-thinks the latter.

Comments

  1. On the other side of the country was this headline:
    Unsold house inventory highest since April 1986
    http://www.newsday.com/business/ny-bzhome294531670nov29,0,5463507.story