One additional piece of data to complete the picture which is active inventory by week compared to last year. I only have some of 2 years back here unlike NCC
Jan 10th 14 (4)
Jan 17th 11 (2) (7)
Jan 24th 7 (2) (10)
Jan 31st 11 (4) (8)
This time last year inventory was extraordinarily low but it started trending higher in February. We dont have nearly as low levels here as last year either but they are similar to two years ago also. I dont expect a price explosion but as seen above demand is starting to exceed supply and inventory is trending slightly down.
Net – net is inventory is still very constrained compared with pre-pandemic. While we are in a very balanced market the pricing pressure should be ever so slightly to the upside. I think things will get tougher come Summer and that Fall will be the buying window for those so inclined to catch most of whatever decline we will see in this compressed cycle
This reply was modified 2 years, 3 months ago by sdrealtor.
