As you can see, the Seller's market continues with now just .7 months of inventory. And to fine-tune that statistic, the RMLS has started to track "Readily purchased and occupiable listings" on the front page of the Market Action Report. This underscores that there are even fewer homes available if you eliminate those for sale only if the sellers can identify replacement property and those not finished yet (new construction or proposed). When you take that statistic into account, inventory falls to just .6 months. The market conditions are rapidly changing to accommodate this. Unfortunately, we are starting to see buyers waive inspection and offer non-refundable earnest money to win the day. With interest rates on the rise, this may cause some buyers to withdraw from the market, but I believe it will take a while before that effect is felt.