Inventory Levels Creeping Slowly Upward, To Higher Low Levels
Scott P. Rogers
Inventory levels - the number of homes for sale at any given time - have been creeping upward for the past 6+ months. With 163 homes for sale, we are now seeing more homes for sale than we have seen at any time since late 2020.
The gray bars above show the number of homes on the market at the end of each month.
The red line above shows a moving three month average to show the overall trend more clearly.
To put this in a bit of context though, these new highs are actually still pretty low...
Homes for Sale In...
- July 2022 = 163
- July 2021 = 129
- July 2020 = 189
- July 2019 = 270
- July 2018 = 345
- July 2017 = 418
- July 2016 = 549
So, yes, July 2022 inventory levels are higher than a year ago... but are also much lower than any other recent July...
