---
title: Housing Inventory Takes a Steep Dive in October
description: As home sales continue to rise, housing inventories tanked in October, down 9%, the largest decline since May 2018, according to the RE/MAX National Housing Report.
---

[Financials | National Investor Network ](https://www.nationalinvestornetwork.com/financials)

# [Housing Inventory Takes a Steep Dive in October](https://www.nationalinvestornetwork.com/financials/housing-inventory-takes-a-steep-dive-in-october)

 Written by [Jeff Mindham](https://www.nationalinvestornetwork.com/financials/author/jeff-mindham) | Nov 27, 2019 2:31:14 AM

As home sales continue to rise,[ housing inventories tanked in October, down 9%,](https://www.housingwire.com/articles/u-s-housing-market-experiences-largest-inventory-decline-since-2018/) the largest decline since May 2018, according to the RE/MAX National Housing Report. Moreover, there is only a 3.1 month supply of housing inventory, which is the lowest in the report’s 11-year history. 

RE/MAX Holding CEO Adam Contos said, “Demand remains strong due, in part to low interest- rates, but buyers have limited options because inventory remains such a challenge.”

[View full post](https://www.nationalinvestornetwork.com/financials/housing-inventory-takes-a-steep-dive-in-october)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Jeff Mindham"
  },
  "dateModified" : "2019-11-27T02:31:14.576Z",
  "datePublished" : "2019-11-27T02:31:14Z",
  "headline" : "Housing Inventory Takes a Steep Dive in October",
  "image" : {
    "@type" : "ImageObject",
    "height" : 1400,
    "url" : "https://cdn2.hubspot.net/hubfs/5512672/white-road-arrow-sign-117025.jpg",
    "width" : 2660
  },
  "mainEntityOfPage" : "https://www.nationalinvestornetwork.com/financials/housing-inventory-takes-a-steep-dive-in-october",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Financials"
  }
}
```