Tom pointed out that I hadn’t posted the above with the inventory numbers last week. I’d planned to this morning but the day got away from me (I did change the poll. Do open houses work?).
So what do we think of the above graphic from RMLS Market Action July? Numbers are worse in almost every category but I don’t see that the sky is falling (even if the weather does suck for August). You’ll have to go to another Realtor if you want double digit appreciation forecasts (found one last night) but the train appears to still be moving forward. We question how much stock we can put in these numbers every month but they are the best consistent numbers we seem to be able to agree to argue about.
Thanks for all the comments on previous posts. They’ve remained civil and well thought out.