Why isn't inventory going up

National trends

Locally, we are still seeing single family home months-of-supply at under three months. Many other areas are seeing relatively low inventories. Tian Liu gives an interesting explanation that could explain part of this phenomenon.

http://www.housingwire.com/blogs/1-rewired/post/37693-home-sales-are-rising-so-why-isnt-inventory-going-up