Thursday, September 15, 2011

MARKET HEADING UP? reports that homes, condo and townhouses for-sale inventories shrunk for 4th month in a row to 19% less than a year ago among the 146 markets most searched by users. Miami, Orlando and Fort Myers had declines of nearly 50%. 11 of the 20 markets that whose inventories declined in August were in Florida.

This may reflect a slowdown in homes moving thru the foreclosure process. Areas with high unemployment rates and many seriously delinquent borrowers could swell up inventories. states that , “Florida is a judicial foreclosure state that’s been ground zero in the robo-signing scandal.” Fears remain of a foreclosure glut.

Median list prices were up by 1% in 64 of the 146 markets tracked, down in 49 and unchanged in the other 33, a steady improvement trending. In 14 Florida markets, the median price list was down.

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