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