How Low is the Inventory in Reality?

[Jake Andronico]

Every market is different, but in Reno, NV for the month of May in 2024, our active inventory was actually very similar to what it was in 2018 when the market was "normal". 

In 2022 in the summer the active inventory was in line with "normal", but last year the inventory in the summer was way down. 

I'm curious what the summer will reveal in 2024 for active inventory, as there has historically been a spike with a couple of years of outliers. 

What's going on in your market with inventory? 

[John Litz]

I don’t have the data driven information like you do. However it feels pretty standard with inventory. Obviously affordability is an issue but there seems to be plenty of choices out there.