From Ben’s blog, regarding the realtors association May numbers for inventory. Ben wrote:

“That’s a 5.5% increase over the last month, a 41% increase over the same month last year and a 51% increase in YOY months supply.”

Despite more choices, buyers are not biting. If this is not increased illiquidity, what is? I would be worried if I had to sell for job loss, move, divorce.

The housing market seems pretty illiquid right now.