"Today, if you’re looking for one, you’re likely to see only about half as many homes for sale as were available last winter."- New York Times

Nationwide home prices are rising and inventory is in decline. Of course, supply and demand are the reason for this trend but there is some nuance to the situation.

Here is an informative article from The New York Times That breaks down reasons for the current housing situation and some historical information that gives further insight into this unique market.