The weather has been unbearably hot at the coast, and worse inland. I was at the harbor and beach both days this weekend, and was miserable. It’s supposed to cool off this week.
Well, the inventory thing is surprising. It sounds like you actually have MORE listings. Here, we do not have more people listing, just inventory piling up because DOM is getting so long.
Here, the inventory is increasing because sales are down 30%. Last year at this time we had 16,000 inventory, and if we had last year’s sales rate, our inventory would be 16,000 now. But since sales are down, the inventory keeps piling up. I got this from Bob C. So our inventory is high because of low demand, not because more sellers are listing.
