National sales results for April came in last week. Here are the high points. Year over year sales were up a whopping 23% over a year ago. That leaves for sale inventory slightly in excess of eight months, down significantly from the 2008 peak which approached 12 months. However inventory is up from the under seven months of a year ago.

Given where we have been, on the whole this is good news. It is very clear the national real estate market has gotten off the floor.