May June 2008 SFH Inventory

Inventory continues to decline for all but a handful of zips (zips are sorted by decline in inventory, least to most), with a 5.8% decline from last month. This is especially significant, because, inventory is typically growing at this time of year.

Due to shrinking inventory, I think the biggest of the price declines are now behind us. However, as the economy continues to sputter, additional supplies of distressed inventory, should keep a lid on prices.