Listings of Homes for Sale Drop as U.S. Housing Recovers ::

Time on market down…inventories down…prices nudging up! It’s musical, and it’s a recovery!
Paul Langrock –

By John Gittelsohn October 15, 2012 –

The number of homes listed for sale in the U.S. fell 18 percent last month from a year earlier, and the time they stayed on the market dropped 11 percent, signs of a strengthening housing market, according to Realtor.com data.

There were 1.8 million homes for sale in September, down from 2.2 million a year earlier and more than 40 percent below the September 2007 peak of 3.1 million, according to the National Association of Realtors’ website. Properties on the market last month had been listed for an average of 95 days, down from 107 days a year earlier, Realtor.com said today.

“There’s a recovery….http://www.businessweek.com/news/2012-10-15/listings-of-homes-for-sale-drop-as-u-dot-s-dot-housing-recovers