Housing Inventory Has Bottomed

Altos Research reports inventory up 2.4% last week

Tracking existing home inventory is very important in 2022.

Inventory usually declines in the winter, and then increases in the spring.  Inventory bottomed seasonally at the beginning of March 2022 and is now up 5.1% since then.

This inventory graph is courtesy of Altos Research.

As of March 25th, inventory was at 253 thousand (7-day average), compared to …