SFH inventory has peaked
After eclipsing the 6300 mark in late June, SFH inventory began its descent. The pace of new listings has slowed from earlier in the year and expiring listings are a main contributing factor for the falling inventory. You can see that most listings expire at the end of the month with a smaller spike mid-month.
click to enlarge
click to enlarge
Zooming out to a year-over-year view we can see that as high as inventory climbed this year, it didn’t reach the highs of 2008. Sales are lower than this time in 2008 so we might end up seeing inventory set new month-end highs a little later in the year.
click to enlarge
click to enlarge
