Inventory "Peaks" and Shows Signs of Slow Descent As this chart shows, inventory dropped in all counties in the Philadelphia area* over the summer but it still hovers at the "double-digit" level - keeping prices under pressure.
Hopefully, inventory started a slow (but steady) drop that will lead to market stability at a "new normal" in 2012-13.
*Philadelphia area: Information from TREND MLS, including the following counties - Berks, Bucks, Chester, Delaware, Montgomery and Philadelphia counties in PA; and Mercer, Burlington, Camden and Gloucester counties in NJ |