The following Months Inventory Comparison looks at zip code 76116 which is located near downtown in the Ridglea Country Club area.  The comparison is between what occurred in August and September of this year.  Although the same number of home were sold in both months, the inventory of homes on the market went up by about 5%.  Some indicators did improve in September but because of the increase in inventory the overall trend was slightly down.  Also, as I've mentioned in previous blog posts, the powerful effect of the First time home buyer tax credit can be seen in the $0-$100K price band.  It is beginning to look as though this may be extended into next year and may be available to higher income earners along with other improvements and changes.  If this happens, the result should be improvements in the higher price bands  in the quarter following the its implementation.

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