Inventory is a bit tighter this November than it was last year, despite being much greater for most of the year. Last year, our supply of homes for sale didn't drop into the 30's until after Thanksgiving. I wouldn't read into this too much, as inventory always tightens up this time of year, but it certainly looks like we'll be having another slow holiday season.
That being said - there are advantages to buying a home this time of year. Even with a limited selection, this can be one of the best times to find a good deal. Sellers who don't pull their homes off the market prior to the holidays are often eager to make a deal. 20 of the 39 listings currently active in RWC have been on the market for over a month - the longer those homes stay on the market, the more anxious their sellers become to get an offer on the table. And just as seller activity slows down during the holidays, so does buyer activity - meaning if you are one of the people who doesn't mind making a life changing financial commitment during the holidays, you likely won't be facing a great deal of competition from other buyers when you decide to put in an offer. RealSmart Fund, the real estate investment arm of RealSmart Group, has made some of their highest value per dollar purchases this time of year - though they have the advantage of not needing to worry about packing up and moving their family in the middle of the holidays.
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