The drop in the active listing inventory has displayed no signs of slowing, shedding an additional 310 homes in the past two weeks, now totaling 6,044. Since starting the year with 8,114, the active listing inventory has dropped 26% unabated, that's 2,070 homes. Eventually the housing inventory drop will slow, but it has shown no signs of such a change thus far. There are 46% fewer homes on the market this year compared to last year. Last year at this time there were 11,144 homes, 5,100 more than today. There are 35% fewer than 2010. Back then, even though demand was good due to the first time home buyer tax dropping by over 5,300 homes. Every range is experiencing a tighter inventory compared to last year. Below $500k, the inventory is down 56%. From $500k to $1 million, it is down 42%. From $1 million to $2 million, the inventory is tighter by 25%. Even homes above $2 million are experiencing fewer homes, 15% fewer.
