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Reply to "I think the bubble is popping."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Maryland sales up 46% YoY and inventory down 56% YoY. https://www.calculatedriskblog.com/2021/06/maryland-real-estate-in-may-sales-up-46.html?m=1[/quote] In May. We’re talking about June. [/quote] Inventory is not up in June, correct? And the current level of inventory is historically low. Price reductions occurring to move problem inventory that sat through a market where everything sold but that house is not really an indicator of much. People are taking the summer off. Let’s see what happens come Labor Day. [/quote] Every zip code I track active inventory is up, but this is not really that unusual going into summer. We sometimes see a slight peak into September. Contracts are dropping fast though, which is totally normal.[/quote]
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