Inventory continues creeping up slowly. Buyers have choices now but most inventory still 900K+. Much of the comps were achieved starting low and letting market bid up prices but with slower pace the sellers are looking at comps and trying to draw a line in the sand. Thats contributing to rise in inventory.
Inventory is a little higher than I would have guessed it would reach a month or two ago but not excessive by any means. I figured we would peak around this level but I think we will see a bit more growth now. With that said we should be close to peak inventory here and would expect it to level and then start dropping again by Summers end. For now market still mostly in balance
