[quote=sdrealtor]Just an FYI I came upon an interesting data point. Last year inventory here was in double digits from the beginning of May until Mid November and single digits the rest of the year. If inventory relief is gonna happen its gonna start real soon[/quote]

And just like that….

Day of golf yesterday but ran the data and things are progressing as predicted.

New listings 7 (5) – one of the higher counts the last couple months as expected post tax season and May around the corner

New Pendings of 7 (8) – steady as she goes

Closed sales at 8 (7) –

Inventory at 11 with median of 997K. Last year it was 3 with median of 765K.

The demand has definitely slowed but there is still plenty of demand for the slow, steady trickle of supply. Inventory should build slowly into the 20’s and 30’s unless we start getting 20+ new listings a week for a few months. Then we would rise a bit higher.

Lets see what happens next but for now its still the steady, consistent market its been for quite a while. Only time will tell