Inventory of Single Family Homes drops by 948 over the past week

OK, now that is what I want to see. Inventory levels of Single Family Homes throughout the metro Phoenix area dropped by 948, to a level of 46,320. That is good to see, but we need to see more. I would like to see a drop of 6,000 homes by the first of the year. Only time will tell, let's see what happens.