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@LoganMohtashami has often talked about the structural decline in housing inventory that has been going on for quite some time. There are many arguments for why - too many landlords, STRs, population⬆️, etc.
🧵analyzing the DC Metro Real Estate using @AltosResearch Data.
🧵analyzing the DC Metro Real Estate using @AltosResearch Data.
The charts I will use mirror how @mikesimonsen shows national data. I call my report the "#Realtor and #LoanOfficer Misery Index" as I show new pending contracts compared to active inventory.
It is truly shocking the decrease in transactions on a weekly basis!
It is truly shocking the decrease in transactions on a weekly basis!
#MontgomeryCounty is a Maryland suburb just N of DC. I outline Active Inventory and New Pending Contracts using the same week in each measured year:
2023: 331/92
2021: 394/137
2020: 835/147
2019: 1,279/197
2018: 1,555/224
Inventory down 80%.
Contracts down 60%
2023: 331/92
2021: 394/137
2020: 835/147
2019: 1,279/197
2018: 1,555/224
Inventory down 80%.
Contracts down 60%
