The market supply has dropped 3% from the same time last year. The supply is 1.3 months shorter. The homes that are selling have marketing times substantially shorter than the aging active inventory. Basically, this says clean it up and price it right and your home will sell. Make sure you tell your sellers this. Also, tell your buyers the inventory is going down and good houses are harder to find than last year. Prices will undoubtedly go up, so BUY NOW.
Here are the weekly Market Stats for the last week compared to last year's market:
2013 2012
Active Homes....................1,562..........1,611
U/C Homes 30 days...........233.............190
*Supply 6.7 months 2013, 8.5 months 2012
The average DOM for U/C is 75 days. The average DOM for all actives is 109 days.
No comments:
Post a Comment