In The News April 20, 2021

About That Inventory Shortage….

A quick video to discuss the actual state of new-on-market listing levels. While it’s true our “end of the month,” snapshot-in-time, numbers for available homes for sale are at record lows, in the 25-33% range of our historical homes-for-sale levels, it’s also true that our new listings taken each week and month are at or near record high levels. So the reality is we do have normal to high inventory and we also have record high demand. This allows the fly-over headlines to report there are no homes for sale. I’ll be breaking down some of the various aspects of these seemingly contradictory statistics in the coming days but wanted to send out this message and video in the meantime. Stay tuned for more details.