Commentary
Demand: We saw the slightest increase over
the last half of 2009. Without going into deep statistical
derivation, it has risen about 3.4% from the lows.
Supply: Inventories are in an extreme state
of flux, with literally dozens expiring around the first of the
year. Entire subdivisions have not been relisted. Thus,
any decline in raw numbers or months of supply is unrelated to
demand.
Source: Regional MLS, deemed reliable, not
guaranteed.
Last Updated: 12/31/09
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