According to the Chief Economist for the National Association of Realtors Lawrence Yun, the supply of homes on the market is at it's lowest level in over two & a half years. We are getting closer to a general balance between buyers and sellers.

The last time the relative housing inventory was this low was in February 2007.

We are definitely seeing this same trend in Somersett, the Golf Community in the North West Foothills of Reno. We have been both living and working in Somersett since it's beginning six years ago and have not seen an inventory this low for a very long time.