Inventory growth is slowing

[deejayoh]

This is an update to a blog post I made last month

Looks like inventory growth has leveled out at about +40 per day

January mid-point growth was:
SFH: 53/day
Condo: 22
total: 75

January full-month growth:
SFH: 34/day
Condo: 12
total: 46

February mid-point as of today:
SFH: 28/day
Condo: 11
total: 39

So it is slowing, but not stopping by any means. I expect it will pick up again as we hit spring.

[rose-colored-coolaid]

It seems like the 'spring bounce' is in serious jeopardy. I personally expected a dead-cat-bounce, but now I'm starting to think we might actually see a dead-cat-slide.

Now if only I can trademark the phrase 'dead-cat-slide'. I'm pretty sure we'll see it catch on as this bubble pops.