Housing Inventory by Price Range

Buyers’ frustration and opportunity. The inventory of homes on the market varies wildly by neighborhood and price range. By cutting the market in half we see the differences quickly. The first graph shows the amount of homes for sale in “Days of inventory” of homes under $800,000. This number has it’s flaws but illustrates we have about 40 days of inventory. The second graph shows that right now the market above $800,000 has nearly 200 days of inventory. I would also say that 200 days does not reflect the number of potential sellers in this price range that would like to sell. We saw many homes in the upper half cancel their efforts to sell their home during March and April.