National inventory down 19 percent: report

The total number of residential listings nationally fell 19 percent in
August, compared to the same period in 2010, according to data from
Realtor.com. There were 2,267,327 residential units listed in the United
States in August, which represented a 1.9 percent drop from July.
Inventory in Miami fell 47.9 percent, dropping to 14,008 total
residential listings. Fort Lauderdale’s total fell 37.5 percent to
14,319 listings. The average list price for properties nationally was
$320,325, an increase of 2.6 percent over August 2010. The data also
showed the average US property has been on the market for 103 days. — Alexander Britell