Inventory just crested 23k tonight as per Zip realty.
Good to see it return to “Historical norms” as per the CAR.
God help us if it ever got to “Historical all time highs” with sales already down 30% YOY and prices falling at around an anualized 10% a year 🙂
Raise a beer in honour of the RE industry* that can, in the face of conclusive evidence still determine that the Earth is indeed flat – and here is to the serfs at the UT for accepting this drivel at face value 😉
* BobC and Realtor Jim excluded as they both seem to be unable to find their NAR issued rose tinted glasses at this time – good for them.
Thanks powayseller… I have been trying to find what the all time inventory high point is. With an 18 month old and a 3 month old it is tough.
One other point…. As you guys all most likely know the best months to put your home on the market are Feb-May. So many people who list and then don’t sell will be trying this again. What will be especially interesting is the inventory stats next spring.
Easily, the question is will it top 30? Phoenix is already solidly over 50k and everybody wants to live there. So San Diego in which everybody also wants to live cannot be immune.
Oh and my party is going to be at 25k. I asked a couple of friends about it 6 months ago and they are in. It’ll be a bbq.
.
