SD Realtor and SDrealtor, what are your thoughs on the quality of inventory? What I mean, is the effect of rising mortgages and unemployment or relocations creating incentives to sell, versus those just listing to test the market? Also I’d like your thoughts on the quality of the homes themselves, are they cleaned up and fixed up ready to show/sell? I’ve heard that many homes are an embarassment to show, and the few good homes out there end up with multiple offers. So there’s a lot of inventory that is not serious or that’s just plain crap, so the “true inventory” is not 20K but much less. So the true months supply is not 8 or 9, but could be even 4 or 5.
Also I’d like anyone’s input on why there’s a 10% discrepancy between ZipRealty and MLS on the inventory numbers. MLS has about 10% more listings than ZipRealty.
