Since interest climbed in 2023, so too has housing inventory climbed. The chart below is from MLS trends statistics for Placer,Sacramento and Eldorado counties. 

Inventory is up 60% since the beginning of 2024. A "normal or balanced" market is 3-4 months. As you will see when interest rates jumped in September, then Inventory rose quickly. Higher Rates=Slower Demand=Longer Days on Market=Rising Inventory. 



The Take Away: 

For Buyers this is good news. More homes to view and more homes staying longer on the market allowing buyers to have a little room to negotiate.

For Sellers, it may take a little longer on the market but home values have not collapsed. Price your home well and it could still sell with multiple offers.