Oh, sure the Inventory build up is lower , but truly that is not the tell tale sign.
That is how the bookkeepers measure and report. But today opportunity for buyers has changed for sure. The hint that rates are going to have to go up is one to fact to look at in my opinion. Combine that with if your not Rockefeller, or Trump, getting a mortgage now is harder than the last 8 years have been. And the inventory, take a good look at it, what is left? Lots of foreclosed homes, neglected properties, Lots of opportunities there, for investors, kings of cash who can throw 100,000 dollars into just bringing a home back to basic Housing Codes.
These last 2 years, ( since end of 2005) in our area, some of the best homes coming to market have been "cherries and peach plums" bought at the right price. These were well cared for homes, owner occupied and they are gone. Those buyers who bought them, were (ready, willing and Ready) . Those ready buyers got a good rate, and are enjoying summer in their newer homes. Not meeting contractors, but watching their children play on the lawn, or coming home to a real home.
HOME, it is where you feel so comfortable. Home, is where you hang your mailbox of permanence in a community. And for now, those buyers, still waiting and confident in sitting on the fence , are going to pay more and get less home now.
The time for shooting ducks in a barrel of water , well it is done.
As done as a well cooked burned hot dog by a rookie cook playing with his new Weber Grill.
Barry "Papagno"
37 years of being a Good Name in Real Estate.
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