novato aborption rate: Novato Real Estate - October 2013 Market Snapshot
- 10/21/13 07:20 AM
Novato homes continue to sell at a relatively fast pace. There is only 2 months of housing inventory, which means demand far exceeds supply (6 months of inventory is considered a neutral or balanced market). During the government shutdown, we noticed a dip in buyer activity. This could be coincidental, or it could be that uncertainty spooked buyers a bit.
In the chart below, you can see how each price range is faring right now in Novato. Most are seeing between 2 and 4 months of inventory.
Who's in charge of the Novato real estate market: … (1 comments)
Novato homes continue to sell at a relatively fast pace. There is only 2 months of housing inventory, which means demand far exceeds supply (6 months of inventory is considered a neutral or balanced market). During the government shutdown, we noticed a dip in buyer activity. This could be coincidental, or it could be that uncertainty spooked buyers a bit.
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