This is normally the time of year when inventory is at its highest levels. Like so many other things this year, “normal” is a thing of the past.
Inventory levels are the lowest they’ve been in the past five years for the third quarter and just barely above the second quarter levels. In fact, inventory has been extremely low now for many years.
As of Sept. 25, there were 85 total listings of which 45 were available and 40 were sale-pending. That’s down from 91 total listings at the same time last year and 92 total listings back in 2018. Inventory levels are down 7 percent from last year and up 8 percent from two years ago.
There’s not much good news for buyers unless you’re looking for an expensive home. Price reductions are continuing this quarter representing 25 percent of total listings, slightly less than 28 percent last year. Of the 21…