As shown above -- over the past nine years there have always been at least 200 (and usually around 300) homes for sale under $200K.  Well, those times may be behind us now.  Ever since November 2016, we have seen fewer than 200 homes for sale under $200K.  Based on rapid buyer activity, and very little new construction under $200K, this is not likely to change in the near future, if ever!