Inventory Frustrates Buyers, But Lifts Sellers’ Prices

From RealTrends.com: Housing inventory continues to move in one direction: down.The number of homes for sale in September dropped by 2.2% from August, by 17.8% from last year, and by 34.3% from two years ago, according to data from Realtor.com, a listings website.

Slightly more than 1.8 million homes were listed for sale in September, the third lowest level of the year, behind January and February, which are traditionally the slowest months of the year for home sales.