Good news: May inventory is up 16.9 percent for the year, which is a good, solid number. (See the explanation below.)
Bad news: Inventory is still 14.3 percent lower than last May nationwide.
Inventory typically follows a cycle, increasing through the first half of the year and decreasing through the second half. So by July it might be 15 percent above what it began the year with. By December it might be right back where it started.