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...Anon- good question. I don't know where it went! <br /><br />But I suspect some of the inventory was panicked specuvestors, who have since refinanced and this taken some of the pressure off them, and they can hold on longer rather than sell at a minimal gain or loss.<br /><br />Also everyone seems to think that the recession is about over and we will all be printing money again. Once that mood changes, inventory will follow it.<br /><br />The signs I would be watching for:<br /><br />1) MOI<br />2) Price is deceiving, since the mix of sales will influence the average and median. Benchmark would probably be more accurate, but I don't know enough about how they calculate this to decide on validity.<br />3) Days on the market. Prices may not be dropping, but if DOM start to lengthen by late summer, price drops should follow.<br />4) I will also keep one eye on the general economy. I think we will get a 'W' recover. Ie a small weak recovery and then another leg down. If I am right, the next leg down will feel very disappointing as everyone will have placed their bets on a rip-roaring bounce back and will feel cheated.Fish10https://www.blogger.com/profile/09770438465068216630noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-5242772304507287062009-05-12T09:23:00.000-07:002009-05-12T09:23:00.000-07:00Fish what happened to the inventory that came off ...Fish what happened to the inventory that came off this fall and doesn't seem to have come back on despite bears calling for an 'explosion' of listings?<br /><br />and what signs are you looking for this summer and fall in market to tell you if the bull is back?Anonymousnoreply@blogger.com