Real Estate Agent · Salt Lake City, UT · Member since 2016 · 214 posts · 154 votes
The market is beach-body-ready based on this week’s skinny numbers. Sadly we are below 200 active homes again. Days on market are at record lows. Where are all the homes for sale is the big question everyone is asking. I’ve heard theories ranging from hedge funds restricting supply to drive up prices and talk of shadow inventory waiting in the wings for foreclosures to start again. For my realtor friends, what do you think is causing the continued low inventory?
Thanks for this information. Seeing this continued trend of super low inventory is remarkable. Besides the obvious (current fed policies, demographic trends, exiting a pandemic, etc.) I'm curious as to your thoughts on 'shadow inventory' you mentioned. What benefit would a seller have in waiting for foreclosures to start again?