September sales data released in October show national exisiting sales dropped , but inventory also dropped 2.4% to a 7.3 month supply of homes on the market according to a National Association of Realtors report.  This is welcome news and a positive sign going forward into 2007.  It was the second consecutive drop in inventory.

Inventory levels have been creeping up in SW Florida, although that trend could change as pending sales are anticipated to increase in coming months in SW Florida.