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Are inventory numbers going thru the roof this month?

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Comments

  • RedHotLamaRedHotLama
    /\ that's about eh same thoughts as me. can't wait for this bubble to burst completely
  • AlanAlan
    Accounting for inflation, it may much later than 2020 before prices reach the same price.
  • S-CrowS-Crow
    A very healthy increase in inventory over the last day. Over 1200 units.
  • deejayohdeejayoh
    A very healthy increase in inventory over the last day. Over 1200 units.

    Well, I am not sure about that - but on KingCo SFR we are close to the 9000 mark today.

    SFR/Condo/total (change since 5/31)
    King 8,932/2,565/11,497 (+325)
    Sea 2,237/1,244/3,481 (+132)

    Yikes. must have been a lot of folks looking to get listed at the beginning of June.

    Add on top of this all the supply created by the number of permits issued over the last 12-18 months and you have a mess.
  • mike2mike2
    It really might be different this time. People aren't pulling homes off the market trying to wait out the downturn.

    One thing that was very different at the 1989 peak from the one in 2006 was the trend in the number of homes being offered for sale. When prices peaked in 1989, the number of homes for sale was already declining, and it continued to fall for some months, perhaps reflecting decisions by homeowners to hold on and wait for prices to come back.

    http://www.nytimes.com/2007/06/02/busin ... ref=slogin
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