Larry,

I have never heard that expression, and I love it.  Bob Stewart wrote a post about how you can still have inventory when there is not any listed.  We did the same thing that Ben Kinney does.  We knew who would sell, because we talked to every building owner on every street our clients were interested in.  A

Larry Johnston That is a priceless original, you deserve Word Trophy

How low can you go. We are at 1.5 mos that I just looked at about an hour ago. Days on market though is 77 which ain't flyin' off the market.

It is down in some price ranges very low and others still have plenty. Overall inventory down 15% to 6-7 months worth.

SoCal is always low. Sarasota inventory should be starting to catch up with demand very soon.

It is good but the sales are not as strong as one year ago. Some people say it is the election and uncertainty. I am not sure.

11,000+ homes in the Triangle (Raleigh, NC) 3 month supply..165 new listings today! 

hovering at about 3 months inventory, as far as absorbsion.

Our inventory is Lower than Atlantis . . . 

Seriously, it's such a good time to list a house in Colorado Springs. There's so little available.

Our inventory is low but motivated buyers willing to make offers and close escrow is low too.  There are many buyers looking for perfect and no less.

What comes on to the market leaves it. We are selling/buying in these parts

All mine are off the market right now, maybe I should put a few out there.

Another Jed Clampett fan. We have steady supply inventory. You better take a shot of Granny's rumatiz medicine.

Hoping the spring market starts picking up and maybe a hair lower than your's.

That goes into the book along with "Busier than a long tailed cat in a room full of rocking chairs"! 

Ok Larry though I have never heard that expression it sounds pretty low! Single family homes low condos not so much.

I call it thinventory. But your description is very apt.

Maybe snake-head high but not much more. 

Good morning Larry. Locally there is no shortage of inventory, it is definitely a buyers market.

LOW by the beach

different in different price points Larry.  Some (entry level) is very low, but we are very saturated in Luxury listings in my market.

Low, low, low, especially in our condo market!

Our inventory is low as well

Larry Johnston - I thought it was only MA...(just kidding...)

About the same as yours ... somewhere under the snakes belly.

Larry, down here in West Lafayette homes are selling faster than greased lightning on a snakes tongue!

Love that comment Larry Johnston (about the snake's belly - HA!).  Our inventory has been low for our community this year, too.  And I'm referring to even in our 'busy season' with snowbirds and vacationers in town.  I have no comparison since this is my first year, so this is input from Roger.

Larry Johnston Same as yours - low!

We still have inventory in CT, at least around my area.

My home zip code has only 3 homes under 160 all 3 are major re.Hans.    Buyers need to be at 170+ to find a livable home in  area

Pretty much the same just in a different language ;o)

Up in Oklahoma City finally and it is curbing the appreciation a bit which is good news for those seeking affordability.

Same. But I don't have a catchy phrase like you do to classify it. About 2 months in my town, less in other communities, but buyers' market in the highend communities

Yeehaw Larry, love the saying and it sounds like something I might have heard when I lived in Texas and Tennessee! Inventory is increasing as the snowbirds head north.

GETTING LOWER !!!!

We have 11 months of inventory!

Hopefully it will open up soon.  We are getting multiple offers.

Larry,

Lower than the wagon rut

That is definitely a way to put it.   We have no inventory either!

Very descriptive!  We're not quite that bad here, but I am busier than "a one legged man at a butt kicking contest" and have to go from place to place "faster than a jack-rabbit on speed."

Larry,

Very low but I just checked and for the first time in weeks inventory expanded.

in 70 years, I've seen one small snake.... and can't remember seeing a wagon rut!!!  but our inventory IS low....not as low as it was, but it's not a level market here yet....

I'm not sure I would answer like that but that is a clear description!   

Our inventory is low, as well... but not as low as that Wagon-Rut thingie.  The low inventory is driving sales and pushing prices up.

We have a shortage of affordable homes for first time home buyers.

Ours is the same as yours.  We are actually considering door knocking at this point.  

Low.

Very low.

Not sure it is quite that low! Then again we have few wagons!

not particularly the case here - ours is creeping up

Ours is so low that it is the dirt at the bottom of the rut below the snake's belly

Dry ... very dry.  As values start moving up again I think that will change, but in our area of Wisconsin there are still a number of sellers who are underwater or just not willing to "give their house away".

Send them to Tallahassee or Ocala.   We have scores of houses for sale, in all price ranges.

Lower than the ego of the stylist that does Trump's hair. 

1.5 months. Last couple month 0.8 month in Jan, 1 month in Feb

Idea is 2.5 months....

Not as low as yours...you got pretty descriptive here, Larry. I do like the visual you put in my head. 

Resale often sells quickly.  New construction projects continue to be announced on an ongoing basis.

same here low