Here we see Belmont's inventory levels while higher than recent times, still within acceptable levels indicating a modest economy and housing future. Inventory or the number of homes for sale directly impacts selling prices if demands is stable. Inventory can grow simply because buyers are not buying homes or more homes are coming on the market. In this case, it's a case of fewer buyers (less sales) since the number of new listings is within acceptable and customary range.
Drew & Christine Morgan Morganhomes.com
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