Well the June stats just came out...total inventory keeps climbing. I thought it might be fun to take a trip down memory lane by showing the current inventory stats as compared with stats June 2004.
Behold! The top chart shows inventory from April 2003 - June 2004...a seller dominated market.
The bottom chart shows inventory from April 2006 - June 2007...a buyer dominated market. If you click on the charts, you can see enlarged versions.
Sellers...do NOT overprice your homes!! Buyers have a lot of choices.
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