Sales have retrenched and remain decidedly "average". Inventory is low. The result is a low but slowly increasing MOI (months of inventory). A long stretch of robust (or at least not pallid) new listings is still required to allow inventory to recover: new listings have returned to the point where inventory recovery is slowly occurring. These things take time, apparently.
Still no signs of a slowdown.
1 comment:
There is 4 houses for sale on my block. Looks like contractors choose not to build now. Maybe appartment segment is low inventory, but definately not detached
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