According to Altos Research, inventory across the country is up 33% year-over-year. However, that's not the case locally. Right now, Dane County home and condo inventory is actually lower than it was at the same time a year ago.
Here's how single family home inventory is trending:
And here's the trend for condominiums:
Why is inventory lower?
Well, one big reason is that the number of homeowners choosing to sell has decreased noticeably over the last 3 months. Many homeowners, who would otherwise chose to move, are choosing to stay put with their 3 percent mortgage rate. And the buyers who are out in the market right now are proving more than enough to keep inventories low and prices high.
So, although you will see plenty of…