June Housing Inventory Drops Substantially Putting A Squeeze on Some Buyers

As inventories shrink, some single family buyers are seeing a shortage of homes to buy in some price bands.

Nationally, the inventory of single family homes for sale fell 3% from May and 24% from June 2011.  

In MA, single family homes for sale fell 1% from May and 10% from June 2011.  However, because of accelerating home sales, MA's months of inventory for single family homes dropped by 21% since May and 26% from June 2011 to 6.4 months