According to recent reports, markets with the largest inventory declines include Detroit, Boston, Denver, Honolulu and Florida. The article suggests these large decreases imply the beginning of a housing market recovery process similar to Florida’s in 2011 and California’s in 2012 and 2013. In hot markets, larger inventories could help expand buyers’ choices and help moderate price increases. For key national market indicators, read the entire article.
Source: Real Estate News; Leslie Puckett