By far the most interesting change is the “months of inventory” near the end!
While the inventory stat is pretty crazy (+300%) , there are reasons for it. Unfortunately it is not due to several homes flooding the market. A big part of the equation that goes into figuring it out is the current rate of homes going under contract, factored with the amount of homes on the market. Since inventory is stagnant, and interest rates have risen, activity has slowed. It’s a viscous cycle.
#nwmls #PNWrealestate #Upperleftusarealestate #patrickjohnsonrealestate #Januarymarketupdate #realestate
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