Inventory continues to pile up. We now have a new record of single family homes for sale on the market today:
4,218 listing(s) found.
This year the spring selling season was a bust; now the summer selling season appears to be a bust. Whatever does not sell in the next 45 days will have to wait through a long fall and winter before next years spring selling season.
IMO only the most agressive of sellers is going to move their product in the face of significant supply, declining demand and tightening credit.
Good luck FB's!