[Hondaracer]

i have similar charts from a realtor i've been in contact with who provides monthly updates

while the amount of listings have never been higher, and sales may be plateauing, that graph does not show home prices, which are now the highest they've ever been, and June currently is even higher than May was..

it could simply be the inventory is being saturated by people who believe the end is near, or people who see their neighbors selling for absurd prices and want to cash out as well.

imo the true test will be when you start seeing very desirable properties sit on the market for extended periods of time. Right now, the nicest, best lots/homes are still into crazy bidding wars

watch the "burst" be prices level off and an east van home stays at 1.7 for the next 2-5 years lol