Caledonia seems to be bucking the local low inventory trend with a whopping 5 months of inventory as we head into mid summer. After many months of low inventory, Sellers started came out of the woodwork in May and June to add another 72 new listings for Buyers to choose from.
For past couple of years new listings have peaked in May or June, followed by a gradual drop till the end of the year. But demand is relatively stable with only a small bump in May, which seems to correspond directly to the number of new listings added during that time period. We’ll be watching this area closely as we head into fall to see if demand picks up again as it has in the past.