by Calculated Risk on 7/14/2021 04:45:00 PM
I’m gathering existing home data for many local markets, and I’m watching inventory very closely this year.
As I noted in Some thoughts on Housing Inventory
Although inventory in these areas is down about 44% year-over-year, inventory is up 13% month-to-month. Seasonally we’d usually expect an increase in inventory from May to June – so this increase is probably seasonal (as opposed to a shift in the market).