Industry News

Resale home inventory soars to 9.6 months

NAR: Sales slip 9% year-over-year in July
Published on Aug 27, 2007

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The inventory of resale homes jumped to 9.6 months in July, as the sales rate for that month dropped 9 percent compared to the same month last year, the National Association of Realtors reported today. A for-sale inventory greater than ...