October 2012 Real Estate Market Update

As of October 2012, showings are up 16%, closed sales are up 31.5%, pending sales are up 34%.

Inventory, or the supply of homes, is down to 5 months compared to 9 months a year ago.  Inventory has been falling at a rate of 20% per month this year.

Given the movement in the market, we could start to see prices start to increase in 2013.