Real Estate: Inventory of Unsold Homes Growing Steadily Across the

Real Estate: Inventory of Unsold Homes Growing Steadily Across the Nation

The nations inventory of unsold homes an important component of a more balanced housing market in the second half of 2005 is growing steadily in many areas of the country even though buyer demand continues strong, according to the latest HouseHunt, Inc., quarterly Current Market Conditions survey. The percentage of member real estate agents reporting plentiful vs. limited supplies increased from 33% in the first quarter to 38% in April, May and June.

Exceptions would be South Florida, Arizona, Southern California and certain other housing and job growth hot spots.

Market equilibrium would be attained when the present 4.3-month national housing supply increases to about six months, or about a 50-50 buyer-seller ratio.

HouseHunt, Inc., is a consumer-oriented Internet firm that provides valuable free information to homeowners, home buyers and home sellers. Survey results are based on Current Market Conditions sales data reported by HouseHunts Exclusive Agent Referral Network (EARN) members in 47 states.
Survey results also included:

Average national home price...