August Month of Inventory

September 4, 2024

In August, the data on the month of inventory levels revealed a market that was, on average, approaching a balanced state. However, the numbers were also trending very close to what would be considered a buyer’s market. This indicates that while the overall inventory levels were moving towards equilibrium—where supply and demand are more evenly matched—the market was still exhibiting characteristics that favor buyers, such as increased selection and potentially better negotiating leverage. This shift suggests that, although the market is stabilizing, buyers might start to find advantageous conditions for their purchases.