Below are the Months Inventory Charts for zip code 76020 (the Azle, Texas area) with a comparison of August and September 2009.  As you can see, August inventories in many price bands were normalized while others were high.  As expected, September indicates a downturn in the market which is not unusual for this time of the year.  However, it is not a good sign for home sellers or for the economic outlook in the area when virtually all price bands are in a "Buyer's Market".  If the government extends the $8000 First Time Home Buyer Tax Credit after November, we could see inventories drop some, particularly in the $0-$100K bands.  This program was a success for the Fort Worth area this year.  In a few days I will post the September thru October 2009 comparative data which will provide as more insight into which direction this market is heading. 

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