Chart of the Day: Shadow Inventory No More in the Central Valley?

July 21, 2010

by Scott Sambucci


At the height of the 2008 sub-prime crash, housing inventory accumulated rapidly, then dissipated through mid-2009 – the effect of withdrawn listings in 2008 and the housing stimulus in 2009.  But, inventory is persistently rising again this year.  Out of the last year’s short-term recovery and back into burst for these markets?  (If you think this is interesting, you should see the price trends in the markets…)

Year-over-Year Resell Inventory in Sacramento, Stockton, Modesto & Fresno