The NYT reported yesterday that "the number of homes
for sale on Long Island and in Queens in June was 22 percent higher this year
compared with the same time last year, signaling, some say, that prices have
been raised too high for many buyers.”

Housing Inventory Increases (NY/Long Island)
Housing_inventory

Chart courtesy of NYT

“The numbers come from the Multiple Listing Service of Long
Island, a network of about 2,300 real estate offices in Long Island and
Queens.” They also report “median home sale prices are still rising in Nassau
and Suffolk, but at a slower rate."

>

Random Items:

Bear Market Rally  

Spendthrift nation

Drug researchers leak secrets to Wall St   

Homeowners: Upside-down is no way to be 

Al-Qaida is now an idea, not an organization   

Study says flirtatious women get fewer raises, promotions 

>

Quote of the Day:

"Stock prices tend to discount that
what has been unanimously reported by the mass media." 
~Louis Ehrenkrantz

Category: Investing, Markets, Real Estate

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Chart of the Week: Housing Inventory”

  1. Mike W. says:

    It would be interesting to see any statistical relation between inventory or days on market vs future price. While the relation is obvious, does anyone have any numbers?

    Does anyone have such data or link?