The Wall Street Journal’s most recent quarterly analysis of the inventory of homes listed for sale showed a decline in 19 of the 28 markets it monitors.
In a story on July 29, the online newspaper said that despite the drops in those markets, the combination of tight credit and foreclosures continues to depress prices. It also notes the added burden of a possibly recessionary economy.
The Journal also noted that at least part of the decline in for-sale inventory may be due to home owners taking their properties off the market after receiving no acceptable offers.
Along with the story, the Journal included an interactive market-by-market breakdown of home inventory that issued a forecast for each but concluded overall that the outlook was “bleak.”
