at least a little.

I’ll be curious to see the sales statistics for Gwinnett County, but those won’t stabilize for about a week… but looking at the listing inventory, we are having a little more normal direction.  Of course, some segments are getting more inventory, others are still shrinking, but on the balance, it is moving toward normalcy.

For the last few months, inventories have been shrinking, especially at the entry level.  At the upper end of the market, there have been plenty of homes on the market, but under $200k, not so much.  Normally, from January through March or April, we see rising inventories.  In March or April, sales start to catch up, fewer people are coming into the market, inventory stabilizes and starts to slide a little going into summer.

Checking the levels on April 30th, levels seem to be starting to stabilize.

If sales continue to strengthen, I expect to see inventory start to decrease again as we move into summer… of course, it might also unleash some of the sellers that have been trying to “wait it out”.  They might think this is a good time to wring a little more out fo the sale of their homes.

We’ll just have to wait and see.

I should also mention that sales are reasonably strong, and interest rates are rocking.  but the deals are getting snapped up pretty quickly.