banner
Triangle Business Today

More than a year's worth of houses on the market

Posted September 15, 2010

A new report out Wednesday from the National Association of Realtors shows that we’re currently sitting on a 12 1/2 month supply of existing homes nationally. This number is concerning in that it’s almost double what used to be considered a healthy normal inventory level of approximately 5-6 months, and the fact that many markets are now seeing sellers reducing prices well below traditional market valuations is bringing about a valid cause for concern in housing.

National housing inventory tops 12 months National housing inventory tops 12 months

Comments

Please with your WRAL.com account to comment on this story. You also will need a Facebook account to comment.

Oldest First
View all

About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.