Larry Johnston, Broker,Friends & Neighbors Real Estate, Elkhart,IN (Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC)

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Rainmaker
5,282,312
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

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

Mar 31, 2016 05:37 AM
Rainmaker
1,231,318
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

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

Mar 31, 2016 08:04 AM
Rainmaker
1,686,493
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

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.

Mar 31, 2016 07:29 AM
Ambassador
3,986,418
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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

Mar 31, 2016 06:35 AM
Rainmaker
1,618,912
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

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

Mar 31, 2016 05:41 AM
Ambassador
1,771,355
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

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.

Mar 31, 2016 01:30 PM
Rainmaker
637,116
Sharon Kowitz
CRS-SRES-ABR-GRI-E-Pro-CREN Fonville Morisey Cary, NC - Cary, NC
Cary, NC Relocation Specialist ~ Buying or Selling

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

Mar 31, 2016 12:58 PM
Rainmaker
558,056
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

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

Mar 31, 2016 12:40 PM
Ambassador
908,801
Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

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.

Mar 31, 2016 09:05 AM
Rainmaker
618,420
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

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.

Mar 31, 2016 07:06 AM
Rainmaker
2,600,762
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

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

Mar 31, 2016 07:05 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

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

Mar 31, 2016 06:24 AM
Rainmaker
823,818
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

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

Mar 31, 2016 06:05 AM
Rainmaker
1,369,368
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

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

Mar 31, 2016 05:48 AM
Rainmaker
3,069,384
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

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

Mar 31, 2016 11:51 PM
Rainmaker
846,225
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

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

Mar 31, 2016 10:23 PM
Rainmaker
3,828,000
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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

Mar 31, 2016 09:03 PM
Rainmaker
634,222
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Maybe snake-head high but not much more. 

Mar 31, 2016 07:06 PM
Rainmaker
2,396,423
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

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

Mar 31, 2016 06:34 PM
Rainmaker
222,705
LuxurySoCalRealty San Diego
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

LOW by the beach

Mar 31, 2016 02:59 PM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

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

Mar 31, 2016 02:57 PM
Rainmaker
3,559,964
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

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

Mar 31, 2016 02:44 PM
Rainmaker
1,672,678
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Our inventory is low as well

Mar 31, 2016 02:23 PM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

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

Mar 31, 2016 01:39 PM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

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

Mar 31, 2016 11:41 AM
Rainmaker
846,419
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

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

Mar 31, 2016 11:05 AM
Rainmaker
290,569
Allie Angeloni
Long Realty - Oro Valley, AZ

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.

Mar 31, 2016 10:30 AM
Rainmaker
929,579
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Larry Johnston Same as yours - low!

Mar 31, 2016 10:04 AM
Rainmaker
801,617
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

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

Mar 31, 2016 09:42 AM
Rainmaker
3,985,765
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

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

Mar 31, 2016 08:18 AM
Rainmaker
420,735
Christopher Pagli
William Raveis Legends Realty Group - Tarrytown, NY
"I Stay Open Until You Close"

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

Mar 31, 2016 07:38 AM
Rainmaker
1,707,191
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

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

Mar 31, 2016 07:25 AM
Ambassador
4,448,749
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

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

Mar 31, 2016 06:54 AM
Rainmaker
790,816
Susan Laxson CRS
Palm Properties - La Quinta, CA
Local Knowledge & Global Network

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.

Mar 31, 2016 06:49 AM
Rainmaker
2,005,087
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

GETTING LOWER !!!!

Mar 31, 2016 06:26 AM
Ambassador
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Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

We have 11 months of inventory!

Mar 31, 2016 05:50 AM
Rainer
84,578
Fathom Realty Group Inc.
Fathom Realty Group Inc - Orange, CA
Get Paid what your WORTH!

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

Apr 06, 2016 01:49 AM
Rainmaker
411,487
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, GRI,SFR, REALTOR®

Larry,

Lower than the wagon rut

Apr 03, 2016 11:57 PM
Rainmaker
4,658,878
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

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

Apr 02, 2016 12:07 PM
Rainmaker
1,352,908
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

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."

Apr 01, 2016 08:23 AM
Rainmaker
586,644
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Larry,

 

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

Apr 01, 2016 07:49 AM
Rainmaker
5,568,072
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

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....

Apr 01, 2016 12:17 AM
Rainmaker
3,900,262
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

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

Mar 31, 2016 11:13 PM
Ambassador
1,797,624
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

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.

Mar 31, 2016 11:02 PM
Rainmaker
6,280,539
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Mar 31, 2016 11:01 PM
Ambassador
1,208,584
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

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

Mar 31, 2016 10:32 PM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Low.

Mar 31, 2016 10:25 PM
Rainmaker
3,809,152
Richard Weeks
Dallas, TX
REALTOR®, Broker

Very low.

Mar 31, 2016 10:23 PM
Rainmaker
3,949,270
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

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

Mar 31, 2016 09:53 PM
Rainmaker
1,960,976
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

not particularly the case here - ours is creeping up

Mar 31, 2016 09:49 PM
Rainmaker
2,707,212
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

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

Mar 31, 2016 02:38 PM
Rainmaker
510,145
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

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".

Mar 31, 2016 02:35 PM
Ambassador
2,535,587
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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

Mar 31, 2016 02:09 PM
Rainmaker
1,153,780
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

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

Mar 31, 2016 12:09 PM
Rainmaker
1,129,864
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

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

Idea is 2.5 months....

Mar 31, 2016 11:57 AM
Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

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

Mar 31, 2016 11:50 AM
Rainmaker
1,157,429
FN LN
Toronto, ON

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

Mar 31, 2016 09:19 AM
Ambassador
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Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

same here low

Apr 18, 2017 04:46 AM
Rainmaker
4,799,256
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It seems to picking up a bit.

Apr 09, 2017 05:39 AM