The inventory dropped an additional 150 homes in the past week. It was already a record last week, but now it sits at 4,728 homes. How far can the drop go? At this point, I am simply no saying as we are a market of extremes. The market is either ice cold or lava hot. Fewer sellers are going to be coming on the market, which is going to have (and is currently having) an impact on demand. Demand dropped by 100 and now sits at 3,318, but potential demand is much higher. Typically demand softens, but so many buyers have been lost out on homes, that there is still plenty of interest. The real problem is nothing to sell them.