Housing Inventory Stats Down 21 Percent From 2011

Inventory levels in the U.S. housing market are down 21 percent from last May, according to the newest statistics from Pro Teck Valuation Services.
A real estate valuation firm based in Waltham, Mass., Pro Teck said many of the most depressed local markets in the nation have been seeing increased home sales accompany the falling inventories.
Michael Sklarz, principal of collateral analytics for HomeValueForecast.com, singled out�Michigan�and Illinois�in a HousingWire piece, saying that those states are defying their reputations as “foreclosure-riddled states” and have been making substantial strides in reducing their inventories.
Tom O’Grady, ...

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