We are getting a little bit closer to a six‐month inventory of homes for sale which means that we are still in a seller’s market where buyers will fight over in many parts of the Country.
Between six and seven months, the market becomes pretty much neutral meaning the amount of houses for sale and amount of active buyers kind of negate each other.
A seven month and greater number means that there aren’t enough buyers. As a matter of fact, sellers might have to keep lowering the price just like it happens in 2008-2009 and 2010.
If the inventory continue to increase, the price appreciation may start to decelerate.