Inventory Watch | bubbleinfo.com

The number of active listings keeps climbing, which is expected. The likelihood of getting the list price wrong has probably never been higher, given that sellers have been planning their move for months – and they are going to test it out to see if they can get lucky, rather than adjust the price pre-maturely.

With more choices available, the buyers are reacting, and the number of pendings increased 10%.

As a reminder from last week, we used to have 900-1,000 active listings at this time of year:

It will be irresistible for people to wait-and-see where this goes. But ‘it’ is not going anywhere. Until there is some sort of boomer liquidation event, which at the soonest will be 5-10 years from now, the demand is going to out-strip the supply and keep the pressure on pricing.

I encourage readers to click on the ‘more…’ button (below) and examine the individual stats by price range.  If there is going to be a supply-and-demand problem, it will be on the high-end, where the active-to-pending ratio is back to 10:1. But those sellers are the most equipped to handle it.

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The $0 – $1,500,000 Market:

The $1,500,000 – $2,000,000 Market:

The $2,000,000 – $3,000,000 Market:

The $3,000,000 – $4,000,000 Market:

The $4,000,000+ Market:

NSDCC Weekly New Listings and New Pendings