You’re getting familiar with these. Yellow = 3 to 6 mos of supply of homes for sale on the market. Red = 0 to 3 mos of supply. Summary: Very little inventory is available. That’s why you’re starting to hear about “multiple offers” when a good home goes up for sale at a reasonable price — buyers jump at it. We think inventory is low in part because quite a few sellers feel “stuck” in their home by how low values went. They’ll wait for prices to rise before they’ll sell.
Joe would be glad to translate and elaborate. 206-718-0038.