Total houses on the market 89 (93 last year) with a median of 2.25M (1.925M). Two years ago we were at 48 and in 2020 during pandemic peak impact we were at 86.
Heading into sleepy time for the market. Not much going on, high percentage of cash buyers and one story homes sold. Inventory should continue dropping into year end.
There are not clear signs about what next year will bring. Prices creeping down seasonally, sales volume very low but interest rates fell a good bit last week. Large layoffs around town at some of the bigger employers like Viasat and QCOM could shake loose some additional inventory but I dont anticipate it causing distress sales. People have lots of equity and most are locked into very low rate loans. More than anything I expect volume to continue to be low and the industry to struggle more
