This swing in inventory vs sales shows an increase in overall Market Supply.

Most of Reno is in high demand because of such low supply and new construction is limited by the surrounding mountains.

Not sure if higher purchase prices/rates have created this boom or if it's that all the new supply of rentals in Chicago is aimed at top end luxury *$3000 1br type builds etc. but rents have shot up on the north side.

Reno / Tahoe is not building out much because of the geography creating a supply issue over the next 2-5 years, there is strong tech, manufacturing (Tesla), and logistical job growth.

I did nothing except supply the lot and money.

As of early 2024, inventory levels were about 3.79% higher than the five-year quarterly average, indicating a slow but steady increase in supply​​.Demand and Buyer BehaviorThe Birmingham market will continue to attract out-of-state buyers, with significant interest from cities like Chicago.

It’s a 3 bd 3 ba condo and I supply all of the utilities and WiFi.

The market is on the move with a median sold price of $576,500 and a 5.41 Months Supply of inventory.

Sure the shingles run a bit over $100 a sq , but you need felt paper , drip edge , flashing , coil nails , misc supplies , delivery , disposal costs , labor , insurance , sales commissions , overhead , whats left is profit , and it it runs around 20% . 

And yes, there is a limited supply.