Inventory has been hovering around the low 60's for the past few weeks now. I would expect to see this tighten up a bit in the next couple of weeks, as those who are currently on the market push to sell before Labor Day weekend, and those who have yet to list hold their properties back until after the holiday weekend. To put things into perspective, in 2015, the week leading up to Labor Day weekend saw inventory drop by 12. After the holiday weekend however, inventory jumped right back up by 12.
These next couple weeks heading into labor day could be a good time for hopeful home buyers to get their offers in Sellers who have already been on the market for some time may become more motivated to sell as the holiday approaches, knowing that a fresh new crop of listings is likely on it's way.
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