We have plunging sales mostly due to plunging inventory!
The supply and demand has plunged at the same time, and there is no way to know that if the inventory were to grow, would there be enough buyers to soak it up? Today’s inventory is full of the leftovers that didn’t sell during summer (today’s average DOM among NSDCC active listings is 77 days), so we can’t really judge it correctly now. But if you see homes that look good and are priced attractively but aren’t selling, then you know the tide might be turning.
