Owners of Dublin Ranch homes took back a lion’s share of the market in the month of December, 2008. Inventory numbers out today show a steep decline in the months of inventory, indicating the market has once again moved back toward the favor of sellers.
Inventory dropped to 4.8 months from 7.4 months in November. Months of inventory is a measurement of the “velocity of the market;” according to current supply and demand, it could be said that if no other homes came on the market after today it would take almost five months to sell off the current inventory.
Inventory dropped to 4.8 months from 7.4 months in November. Months of inventory is a measurement of the “velocity of the market;” according to current supply and demand, it could be said that if no other homes came on the market after today it would take almost five months to sell off the current inventory.
While 4.8 months is still considered a “buyer’s market,” it is not considered to be the “strong buyer’s market” of the month before. Traditionally, the velocity of the real estate market increases in the early months of the year; should this hold true next year, we may see the Dublin Ranch market become an “even market” (one that favors neither buyers nor sellers) or even a weaker “seller’s market.”
For a free copy of our Special Report How to Sell Your Home in a Buyer’s Market (and Get the Best Price Faster Than Anyone Else Around!) feel free to contact us.
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