stats: Sarasota, Florida Inventory Levels - 06/08/07 11:56 AM
Like other assets, the price of real estate is determined by supply and demand. One way to determine the health of a real estate market is to track inventory levels of properties for sale. If the number of properties for sale is high and demand is low there will be downward pressure on prices. On the flipside, if there are few properties for sale and strong demand prices will rise. It is the basic law of supply and demand. Home sellers are quick to adjust to a rising market by establishing a higher sales price but very reluctant to admit to a declining … (0 comments)