Existing Home Inventory is Up – Are We Nearing a Bottom?

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There is a clear seasonal pattern for inventory, with the low point for inventory in late December or early January, and then peaking in mid-to-late summer. So far in 2013, inventory is up 17.7% from this time last year.

This is well above the peak percentage increases for 2011 and 2012 and suggests to me that inventory is near the bottom. It now seems likely – at least by this measure – that inventory bottomed early this year (it could still happen early next year).

Read more at http://www.calculatedriskblog.com/2013/05/existing-home-inventory-is-up-177-year.html#oHKhYr9O21DpMUgi.99
HTMay202013
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