3% of sellers have recently canceled their listing

I'm not seeing a panic with home sellers over the #coronavirus.

Only 3% of sellers nationwide have decided to remove their home from the market and cancel their listing.

I bet most of these homeowners that canceled decided to refi at historic lows rather than sell.

I'm sure some canceled over corona fears.

I would assume that during regular times, cancellations hover around the 1% - 2% range. Inventory of for-sale homes is still low, but over the next few weeks, you can take advantage of lower buyer competition over corona fears.

Housing inventory has gone down 21.8% in LA

Over the last 12 months, housing inventory has gone down 21.8% in the Los Angeles area.

That means there are a lot fewer homes for sale now then there was a year ago.

I expect this trend to continue because low-interest rates will cause there to be an even stronger than usual buyer demand this #Spring.