Nov 2022 -The 10year look at Inventory, PACE of market (Days on Market & Months of Supply) and Sales (also again)

INVENTORY – HOW MANY FOR SALE on LAST DAY OF MONTH? 10%-13% below the Averages – no cause for concern -homes OFF the Market –anticipating a BIG SPRING a la 2009many Sellers are holding homes Off market expecting a BIG SPRING of HIGHER PRICES (they’ll likely find a glut instead)

New Listings see Earlier Post for More

PACE of Market — expressed several ways

TRREB provides the Source data for my DAYS Chart

Two looks — Off by 40% of the Averages and off by 50% from a BOOM

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