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As shown above, the number of homes for sale fluctuates greatly through the year --- but the degree of fluctuations differs between single family homes and attached dwellings (duplexes, townhouses, condos).

Single Family Homes
36% increase in homes for sales between Dec 2013 and Jun 2014.

Duplexes / Townhouses / Condos
13% increase in homes for sales between Dec 2013 and Jun 2014.

Thus, we are likely to see inventory declines over the next few months --- but the majority of those declines will be in single family homes.