Inventory Levels updated for January, 2023. You will see a lot of months with less than 2, followed by a crazy jump the the second part of 2022. It appears that we temporarily peaked in October, with months of inventory dropping from 4.0 to 2.9 (28% decline) in 3 months.

This happens when our pending sales start to uptick, along with the number of homes available for sale declining, both of which we have seen over the last couple months.

Check out what February of ‘22 looked like 👀. 1.1 months!

-GZ