Market Breakdown

Inventory fell 29 percent from November to December, and was up 184 percent from last year. This is the highest level of December inventory since 2013. What is important to realize is that almost 50% of the current inventory has been on the market for over 60 days, indicating that close to 1/2 of the current inventory is probably overpriced!

2019 is sure to be an interesting year in the housing market.