Another slight uptick in inventory. When I look at the compostion of the inventory, pricing seems to be part of the issue here. The market is steadier up to high 800’s and most recent closings have been in low to mid 800’s for the regular homes but most listings are still in 900’s. Pricing is where it is and sellers need to catch up with where market is. Should be one more week of flattish inventory and in two weeks seasonal decline should begin.
