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Housing inventory up slightly

The inventory of homes for sale was up 4.2 percent at the end of February, compared to the prior month in the 27 major metropolitan markets covered by ZipRealty Inc.

On average, over the last 27 years, the increase of houses on the market in February has been 3.4 percent, according to Ivy Zelman, CEO of Zelman & Associates research firm.

Zip’s data includes all the residential properties listed on the local multiple-listing services where it does business. Compared with January 2009 in the Zip markets, inventory was down about 19 percent.

Source: The Wall Street Journal, James R. Hagerty (03/08/2010)

More Info:

• Being a Landlord Can Be Increasingly Profitable
• Housing Inventory Declines in April
• How Did Some Markets Avoid the Bust?
• Fewer Sellers Are Cutting Prices
• Fairfax

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  Will Nesbitt Realty LLC is called Condo Alexandria because our brokerage is in a condo in Alexandria VA.

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  ~ Condo Alexandria ~
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  Alexandria VA 22307

  703 765 0300

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  Condo Alexandria provides real estate services for buyers, renters, sellers and landlords in Northern VA.

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