REBGV Inventory chart created by vibe in the VCI forum.
Wow, it was just six days ago that we had a 15k party in the forum to welcome the fifteen-thousandth property available for sale in the REBGV area, and now I see that we’re already closing in on 16,000 listings.
We’ve got two regular posters here who have been providing regular updates so data addicts can watch the listings grow through the day, let’s hear it for paulb and inventory! As of the end of Wednesday listings sat at 15,789.
At this rate there’s a possibility that we’ll add more than 2000 listings in the month of April, despite a healthy number of sales. We’ve already surpassed the supply available at this point in the last five years. The only year that listings growth looked anything like this was during the micro-crash of 2008 where prices bottomed out at a 10-15% loss and have since recovered.
It looks like many people think that right now is a good time to cash in that million-dollar property. Please no pushing or shoving, we are civilized people. Head to the exits in an orderly manner, there are plenty of lifeboats for everyone.