[quote=UCGal]Doesn’t inventory normally go up in the spring for summer sales?
People don’t want to list around Christmas – it’s the slow season.
I could be wrong.[/quote]
No, you’re not wrong. Inventory is usually lowest in the winter, then usually grows rather strongly in Feb/March, then can grow even more as people list at unusually high prices…and then sit through the summer. In the fall, these overpriced homes will usually be taken off the market until the next year, or the sellers grow wiser and relist/adjust the price to a level that will sell.
Early spring tends to be the best season to list and sell.
In our neck of the woods, there have been more listings, but they are also selling if priced right, so not much of an effect on overall inventory levels. There is still very little inventory around here.
