US Home Supply Fell 4.79% in December

Scottsdale, AZ, January 21, 2009 --(PR.com)-- Scottsdale based ListingSupply.com, which tracks the supply of homes for sale across the United States, reports that the number of properties listed for sale across the country dropped considerably in December. The supply of homes listed for sale in the seven largest real estate markets fell by 4.79% during the last month of what was a challenging year for the real estate market. San Diego’s housing market saw the steepest decline in home inventory with a drop of 7.3%, while the Phoenix metropolitan area saw a decline of only 1.7% in December. MLS listings in the United States have dropped 10.28% since last May. The decrease in home supply is likely attributable to the increase in home affordability and thawing credit markets. A significant decrease in the number of homes for sale may signal real estate price stability in the near future.

http://www.listingsupply.com

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