Housing Market Supply and Demand

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This regular feature is getting pretty boring as each month continues to look like the last. Regular readers will be unsurprised to learn that, just as in recent months, July's year-over-year change in resale inventory was essentially nil. Resale volume registered a 13 percent year-over-year decline.

At July's sales pace, there were just over 8 months worth of inventory on the market -- an increase of almost 13 percent over last July.

-- RICH TOSCANO