Industry NewsMarkets & Economy

Index: Inventories shrank again in August

Listings count down in 22 of 26 ZipRealty markets
Published on Oct 9, 2009

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by CareyBot

The number of for-sale listings in 26 metro markets where ZipRealty operates declined 1.8 percent from August to September, the company said, marking the 15th consecutive month-over-month decline in housing inventory.

Inventories shrank from month to month in all but four of the markets covered in ZipRealty's Housing Inventory Index, the company said. Inventories of single-family homes and condos were up in Boston (2.2 percent), Baltimore (1.5 percent), Sacramento (1.3 percent), and Charlotte, N.C. (0.2 percent).

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