According to Credit Suisse, housing inventory typically grows 1.7% from February to March. This year, however, inventory grew nearly four times as fast. Nationwide the inventory of homes for sale grew 6.5% last month, according to today’s story in the Wall Street Journal titled, “Housing Inventory Surges in March.”
Interestingly enough, Bend saw inventory rise an even greater 9.5% over the past month according to Farmer Doug. Nationwide it seems (and especially here in Bend), hope springs eternal.