What's the real inventory?

I don't see high inventory at all, honestly.

Totally agree. This market is being artificially propped up by strictly limiting supply a la diamond industry. Developers are picking up inventory loans to maintain this illusion as long as possible.

How long will this last? Will this be a soft landing or a pop? That's anyone's guess.

New Dev inventory is very hard to track in rls, which is what UD inventory is sourced from. Most developers only put a handful of active listings into the RLS, in fact, they usually bulk upload contract signed listings at a future date. Both represent just w fraction

Ugh hit send too soon. Both represent usually just a fraction of what actually was for sale and what entered contract in the schedule A of the offering plan.

In ideal situation, developer would care a record for all units in schedule a, and then take x amount off market should they choose to do so. At least then we can track it

Noah,
That is exactly my point. As such, if you include the reality of these thousands of units which are on the market but not being counted the "real" statistics are different than we are seeing.

Yup!