One of the key ratios in real estate is the Months Inventory which reflects how long it would take to sell the current on market inventory at the present sales rate. This month our Months Inventory cracked through 4 month for the first time since June of 2020. The pre-covid average was 5.5 months. Single Family Home and Condos both saw a drop in Days on Market over last month but still a triple digit increase over last year. I should mention that every month I talk about Days on Market vs last year, 2021 and 2022 were incredibly low with units flying off the shelf at around 10 days. Historically we are still below the pre-covid Days on Market average 60. The lack of subsidized 3% rates is pushing the market to normalize and that is exactly what is happening. The big question in our market is will prices ever come down a bit in this equation like the rest of the country. So far that is not the case.