Shrinking inventory bolstering many housing markets

Realtor.com: 8 of top 10 markets with biggest declines are in California

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The number of homes for sale nationwide fell 18.68 percent from a year ago in August, to 1.84 million, Realtor.com reported today, continuing a trend that’s manifested itself every month so far this year.

Year-over-year trends in median list price and median age of inventory, particularly in California, also indicated many housing markets are beginning to stabilize.