Housing Inventories Hit Four-Year Low

But real-estate agents and home buyers across the country have increasingly voiced frustration with what many say are slim pickings. As a result, the latest inventory declines may point instead to the housing market?s continued disrepair. Meanwhile, sellers, frustrated with lowball offers, could be taking their homes off the market to wait for a sign that prices have stopped falling. That can further chill sales as buyers become afraid to overpay while sellers are similarly cautious about under-pricing their home. Inventories surged in July 2010 following the expiration of tax credits for home buyers and fell steadily until May 2011. Median asking prices fell by 11% in Las Vegas, by 10% in Detroit, and by 8. They don?t include all Homes for Sale, including those that are ?for sale by owner? and other properties that aren?t marketed through multiple-listing services. Our blogs do not require the use of your real name. Comment Comments (4 of 4) View all Comments » 6:20 pm October 14, 2011 sam wrote: the only Realtors i like are the ones rolling around chocking on there own flem. Seems to be a matter of a certain type of non-financial leverage: http://bit. Send tips, comments and questions to?developmentsblog@wsj. Homes for Sale