According to Redfin Research Center author Katy Klein home buyers are more concerned about price than inventory:
“For the first time since early 2012, homebuyers said that affordability is a bigger concern for them than a lack of homes for sale. Although inventory was down 1.5 percent in November from last year, 32.6 percent of homebuyers who responded to the Redfin Real-Time Buyer Survey indicated that “affordability in the area I want to buy” was the biggest obstacle to a home purchase. Just 11.3 percent said the biggest obstacle was “not enough homes for sale.”
