All the way through 2019, we would see a seasonal decline in housing inventory levels each winter. Inventory levels would typically be the lowest between November and February as some sellers took their homes off the market for a few months -- and as some sellers decided to wait until spring to sell their homes.

But then between 2020 and 2022, that all changed.  The real estate market was on FIRE as Covid-induced work/life/home changes and super low mortgage interest rates pushed more buyers than ever into the housing market.  Inventory levels that had been dropping for several years (2016 - 2019) dropped even further. 

All of a sudden, inventory levels were ALWAYS low.  Spring and summer inventory levels - low.  Fall and winter inventory levels - low.  We stopped seeing seasonal shifts in housing inventory levels.

But over the past few months inventory levels have been drifting back upwards a bit.

So, as we (eventually?) start to see cooler temperatures, will we start to see seasonal declines in housing inventory levels again?