If we break down the Months of Inventory by price range, and only look at the homes that are Active and Available as of August 31st, we can get a good picture of how tight the inventory is, especially in the under $300,000 price range. For homes priced $10,000-$300,000 there are only35 DAYS of inventory. For homes in the range of $301,000-$600,000, inventory is just 82 days, or just around 2.7 months. Although inventory has increased slightly since the Spring months, these two price ranges have been in a very strong seller’s market for many months now. The National Association of Realtors considers a “healthy market”, where it is neither a Seller or Buyer market, to be one with 5 to 6 months of inventory.

Months of Inventory September 8 2015

Posted by Jeff Sallan on
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