Don’t get too excited, but the current inventory numbers, as of today, are looking great. For the entire market, our inventory reserves dropped almost a quarter of a year from 75 months to 71 months. For residential property, we saw a drop from 42 months to 39 months. These are great signs…but what do they mean?
Our sales have been up over the last few months and our inventory numbers have stayed the same. The current properties under contract are another great indicator of what is ahead. Though our under contracts did drop a few over the last two weeks, they are still very good.
Pricing, what about price points? Great Question, take a look at the last two sheets and you will see the Absorption Rate for each pricing point. These numbers are the best indicators of what are market is doing right now.
Thank you,
Marc White
Marketing Specialist, ABR, GRI, ePro
Broker/REALTOR
Direct 828-406-2134
To see property listed on our website, PLEASE CLICK HERE Thank You for allowing me the opportunity to serve you.
No comments:
Post a Comment