The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (35420)	7/17/2005 10:15:36 AM
From: SouthFloridaGuy	Read Replies (2) of 306849

I consider Garden City upper middle class, but maybe it's because I'm poor. Nonetheless, inventory has tripled compared to similar periods in '01-'03. Of course, like you mentioned, inventory during those times was next to nothing so the market is definitely coming off a very low base. In the context of the past 5 years:... In '04 I saw a record level of inventory, which decreased moderately during winter. In '05, I saw '04's inventory level broken by spring and now it's about 30% higher still. Basically same thing with the other areas. It's not Las Vegas or San Diego here in terms of supply, but it's definitely going to put a lid on prices.

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