Happy July to you, our friends. Not surprisingly we are seeing a 40% drop in new listings this week compared with last week. Yet the market didn’t follow suit and kept up with folks buying houses.
Total inventory shrank 6% and months of inventory got tighter.
Where does that put us? Well, the numbers say we have a sellers’ market yet many a folk out there will say it feels more like a buyers’ market.
It might be a good time to buy, right?