How Low Can It Go?

Yes, this is another blog post about inventory. I can't help myself! It just keeps getting lower and lower. Winter 2024 saw a small build up from the winter of 2023 but this winter is showing less inventory than we've ever had. There was a sharp drop in December. The market is already starting to heat up with multiple offers and that will only intensify as we get into the spring market.

To put the low inventory in perspective, you can see how drastically low it is when going back to 2008 which is as far as the MLS data goes. Hard to not see prices go up this year because of the lack of supply and ample demand that is in the market.