A quick note to the NCC followers. SFR inventory is down 23% (603 to 468) from this time last year and pendings are up 23% (147 to 180). Anecdotally, my guess is that May’s sales figures will be abysmal. The issue is that listings are way down too so the balance is not shifting quickly to the buyers side. Looking more and more like a long, slow slide down around here.
