Inventory of Houses in MLS Falls for 12th Straight Month

For the 12th consecutive month, the inventory of homes on the market has reduced.  The number of single family homes and condos fell by 2.1% in June. 

It seems that buyers are being attracted by lower prices and the $8000 tax credit that ends on December 1, 2009.

Is this another piece of information that demonstrates the American housing market is on the road to recovery.