Reasons For Low Inventory

Many Homeowners Are Still Underwater.
Selling a Home Can Be Costly.

Continued Tight Credit Conditions.

Housing Boom & Bust Fallout.

Homeowners Are Taking a Longer Term View of The Housing Market.

http://www.dsnews.com/articles/why-so-few-houses-for-sale-lots-of-reasons-2013-12-09