Higgy
It looks like you are looking at the number of new listings.
Sales are down too but the listings are declining at a faster rate than sales are across the board month to month. Some sort of equilibrium would be reached if this continued.Probably won’t though. Sales will probably start declining at a faster rate than inventory from here (give or take a month). At a casual glance it seem like the rate of properties going into pending is slowing dramatically this month .(someone with more free time than me can check it?) Anyway the inventory boom of a year or so ago shows that inventory in itself isn’t a big enough factor to bust this market. It has go to be about foreclosures and interest rates/lending standards as seems to be the consensus on the site now.
