Shadow Inventory Drops to 4-Month Supply

The pending supply of residential properties that have not been listed for sale, also referred to as shadow inventory, sank to 1.5 million units in April 2012, representing a 4-month supply. In April 2011, shadow inventory consisted of 1.8 million units that represented a 6-month supply. In a year-to-year comparison, the decrease in supply between April 2011 and April 2012 was 14.8%. What is more, since the peak of shadow inventory in January 2010, at 2.1 million units, the amount of shadow inventory has decreased by 28%.

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