Housing Inventory Declines

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February 15th, 2012 10:02am



In December, housing inventory nationwide fell to 1.89 million homes, that's down 6% from November and more than 22% from December 2010, according to REALTOR.com. With declining inventory, prices begin to rise and that's being experienced right in our own backyard. In the 145 markets tracked by REALTOR.com, the national median price edged up 5% when comparing year-to-year. As for asking price - well Southwest Florida's major cities were near the top of the list. Asking prices in Naples climbed 21.7%, Fort Myers/Cape Coral climbed 21.5% and 19.4% in Punta Gorda. Just more evidence there is no better time to buy than now!