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Take a look at inventory: https://fred.stlouisfed.org/series/ACTLISCOUUS

We have a ways to go to get back to "normal" whatever you define that as.

Locally and anecdotally, I've noticed houses are sitting on the market much longer, and I'm starting to see "price lowered" emails from Zillow. We've definitely entered a cooling off and people are moving less.



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