Behind the numbers

This post from Inside Real Estate News paints a good picture of what is happening in the market right now:

Home Inventory Record Low for October

Bottom line: Inventory is low, but traffic is off.  Prices are still increasing, but at a slower pace.  Buyers are facing less competition and sellers are no longer seeing multiple offices and escalations.  In short – we are getting back to normal market fundamentals! (this is a good thing!)

Image from: Inside Real Estate News