Inventory and sales volume are up as we near the end of the year. Here is a quick recap: "Our housing supply is best viewed by price range. We see constraint at the lower price points and gains as list prices increase with more than enough supply at the high end of our market. At this time the real estate market is riding the seasonal wave with the sales of new builds on the rise. Sales volume for the first nine months of 2016 is 3.03% higher than 2015 at the same time, ARMLS has reported 67,892 total sales running this year compared to 65,893 sales last year. "
Compared to this month last year:
. Monthly sales -6.6%
. New inventory +5.7%
. Total inventory +1.7%
. UCB 14.9%
Source: ARMLS and Tom Ruff of The Information Report