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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: SouthFloridaGuy who wrote (21954)7/5/2004 4:58:32 PM
From: ildRead Replies (1) of 306849
 
That was my report on RE inventory from another hot place:
#reply-20214000

It was:
On 3/15 138
On 6/11 650

Today's number - 852. Prices are still pretty firm, just slightly below top registered in May. Buyers are happy to find that there is a choice of properties and they don't have to participate in bidding wars.
May selling rate was about 350, so so far the overhang is not very large. It will be interesting to see what happens in August when normal seasonal slowdown will take hold.
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