So many homes for sale!

[Jasmine H.]

So I've been researching Texas, Florida, Virginia and some other states through Zillow to get an idea of the current market conditions.  Is it just me or are there a ton of homes for sale?!?

[Larry Fried]

Here in Eugene inventory was very low before Covid, and grown even tighter since.  In July we had less than 1 month (.9) months of inventory in Lane County, which I believe is an historic low.  Lane County is very large geographically and includes many small town and vast rural areas, as well as Eugene/Springfield metro area.  In the metro area, the inventory is much lower than the country as a whole.  We are seeing very short times on market, and multiple offers, sometimes driving prices 10s of thousands over asking, is becoming very much the norm. This is a most challenging market for buyers.