Inventory is still on the rise each week, and is now at its highest point of the year. Next week will be a pivotal inflection point. That’s the week when our model assumes inventory can’t keep climbing so late in the year.
Is this week the peak for inventory? Or has home buyer demand stopped so completely that inventory will keep rising even as we approach Thanksgiving?
In this week’s Altos update, I look at historical patterns for what’s “normal” for inventory this time of year and discuss how 2022 may be different. I also look at what’s happening with home prices, price reductions, and more.
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