Punxsutawney Phil must have meant winter-like levels of housing inventory, not winter-like weather
Scott P. Rogers
It sure doesn't seem that we're having six more weeks of winter weather. But we certainly ARE having (at least) six more weeks of winter-like levels of housing inventory.
In fact, current inventory levels (664 homes) are lower than anytime in at least the past four years. Even in the coldest of months over the past four years, we have not seen inventory levels so low. Here's some perspective....
March 2008 = 814 homes for sale
March 2009 = 838 homes for sale
March 2010 = 863 homes for sale
March 2011 = 807 homes for sale
TODAY = 664 homes for sale
OK, seriously, why the winter-like levels of housing inventory? Inventory levels fell below 700 for the first time in a long while back in December, and they are not yet showing any signs of recovering.
In fact, current inventory levels (664 homes) are lower than anytime in at least the past four years. Even in the coldest of months over the past four years, we have not seen inventory levels so low. Here's some perspective....
March 2008 = 814 homes for sale
March 2009 = 838 homes for sale
March 2010 = 863 homes for sale
March 2011 = 807 homes for sale
TODAY = 664 homes for sale
OK, seriously, why the winter-like levels of housing inventory? Inventory levels fell below 700 for the first time in a long while back in December, and they are not yet showing any signs of recovering.
