Here's a fun chart sent in by a Snotty Philistine of Questionable intelligence, along with the heading, "Look Out Below"

Snotty’s always been a bit of a kill joy.

UPDATE. I think this is related to the chart above: Home buyers face inventory woes: listings down 23% nationwide

According to Realtor.com's monthly housing trends report, published Thursday, inventory growth in April slowed for the second consecutive month.

It rose 48.3% compared to the same time a year ago, but even with this increase, inventory remains 50.5% below pre-pandemic levels, according to the data.

The issue is that more sellers are opting out of the market.

New home listings dropped 21.3% year over year nationwide last month, according to the report. In April, about 49 out of the 50 largest markets saw declines compared with this time last year. In fact, San Antonio was the only one out of the 50 largest markets to see the number of newly listed homes increase compared to last April, rising by a slim 0.4%. 

Homeowners are locked in place by higher mortgage rates. You might think Greenwich is immune from such plebian concerns as 6.5% mortgage rates, but our lack of inventory shows that we aren’t.