Everyone in school learned about the concept of inventory and demand. Not all of us may see that inventory and supply are the same thing, but they are the same concept. We all have experienced this in our life. When the demand for an item is greater than the supply, the price will surely go up. Inventory and demand are forces that affect the sales price of real estate as well.
The National Association of Realtors, is currently reporting a 4.4 month inventory of homes available. This is much lower than the six month inventory needed for a normal market. This is also a good indication of a healthy market and reason to take action. There are more people looking for homes.
The below illustration provided by: Keeping Current Matters.
We would like to invite you to visit TurnerGroupSells.com. Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.
We work hard for our customers.
Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC
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