We can endure a slight and gradual reduction of inventory in the higher-end market, where there will always be hundreds of choices available and the number of buyers are limited, relatively. But the squeeze on the lower-end is getting worse:
NSDCC Total Number of Listings, Jan 1-21
|2020 vs 2021 YoY diff|
Not only has there been just 52 new listings priced under $1,500,000 in 2021, but today there are only 17 of them that are actively for sale. In an area with 300,000+ people!