Well that didnt last long and the seasonal pattern came rolling in. This was a big week for pendings v new listings last year also. Inventory dropped almost 20% in a week and inventory is back well under 1.5 months. We may have hit peak inventory for the year last week. But lets see what comes our way the next two weeks before calling that. Another week or two like this and we are on our way to a soft landing..
One thing of note is the fixers arent getting swooped up by flippers immediately creating opportunities for homeowner buyers looking for them. Thats a positive developement
