Inventory of unsold homes in your area

[Rich Weese]

I was told yesterday by a Phoenix realtor that the "valley" is down to a TWO months inventory of unsold homes. Is this accurate? Normally a 6 month inventory is thought of as normal or healthy. If this is true, prices will go up and building new homes will be next sign of marketplace. Is amount of inventories going down in other major areas of country? Vegas? Florida? Rich