Good News for Sellers

Jul 7th, 2012 | By | Category: Lead Article

Good News For SellersWhile buyer demand has increased, the amount of available listing inventory has gone down significantly, resulting in a lower Months Supply of Inventory (the amount of time it would take to sell the current inventory). A 6 month supply is considered to be a “balanced market.” More than 6 months is considered to be a buyer’s market and less is a seller’s market. We currently have less than 3 months of inventory, so it is indeed transitioning into a seller’s market.

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