Historically, when prices start reaching new peaks, we see more homes come to market. This time around though, sellers have been reluctant for a variety of reasons, and inventory has been tight.
These are the total number of detached-home listings that hit the MLS between June 1 and September 30th.
NSDCC Summer Inventory (June 1 – Sept 30)
It’s not a big increase (7% higher than last year), but could it be a precursor to what we might see next spring?