In my local market, prices are definitely dropping [1] and available inventory is up to pre-pandemic levels [2]. But even with price cuts, it's still only at Ja

In my local market, prices are definitely dropping [1] and available inventory is up to pre-pandemic levels [2]. But even with price cuts, it's still only at Jan-Feb 2022 levels (I think prices peaked around April-May). It's the lag between rates rising and that being reflected in prices that makes the timing less ideal. [1] https://fred.stlouisfed.org/series/MEDLISPRI12420 https://fred.stlouisfed.org/series/MEDLISPRI12420 [2] https://fred.stlouisfed.org/series/ACTLISCOU12420 https://fred.stlouisfed.org/series/ACTLISCOU12420