Inventory: Is this year's increase weaker than we saw in 2012?

A quick post about inventory tonight.

Some have expressed concern, since there have been no +300 total listings days yet this year, that inventory this January will not grow like it did in 2012 when we saw a huge spike of 2,727 active listings for the month.

But I'm not so sure that is the case.

Sales this year appear to be lower than in 2012. We have had 9 sales days since the first sales of of 2013 and in that time, while new listings are lower than 2012, total active inventory are increasing at a fair clip because of those low sales. 

So far inventory is up 1,172.  That's an average increase over those 9 days of 130 per day.  There are 12 sales days left in the month. If that +130 per day increase continues, that's an additional 1,560 listings by month's end.

That would give us an increase for January of 2,732... bringing January 2013 right on par with January 2012.

And considering we started this year with over 1,000 more active listings than 2013, we would go into February with over 14,500 listings on the market.

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