Inventories in Key Cities Shrinking, Broker Says
ZipRealty reports that inventories declined 2.5 percent in July compared to June in the 28 metropolitan areas it covers. Compared to July 2008, inventories declined 27 percent.Zip’s data includes properties listed on the multiple-listing services where the firm operates.
It doesn’t include New York City, where appraisal firm Miller Samuel Inc. says inventory was down 7.8 percent compared with June, but up 6.9 percent from July 2008.Research firm Zelman & Associates points out that on average in the last 25 years, inventories in July have declined 1 percent from June.
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Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty
pH 208 390 0737
www.buytetonland.com
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