Here is some data to help calibrate the slowdown fears.
These NSDCC detached-home inventory counts are from the first week of April, and the last week of July, plus a look at the closed sales for the first seven months of the year:
The 2018 numbers don’t look much worse than in recent years. Once the July sales are finalized, this year’s sales count should be close to 1,700.
This is the time of year when the OPTs are stacking up, which makes it look like garbage time, and easier for buyers to go on vacation instead. It also makes it tougher for the decent buys to stand out.