In West Hartford over the past 30 -40 days our inventory has increased by close to 20%. THIS IS A GOOD THING! We had such a low inventory that there was "nothing to buy" according to several of my clients. In town we roughly have 25,000 houses. Currently we have about 235 houses for sale plus about 15 multi families and close to 100 condos. Not huge numbers. At the same time we have steady number of properties under deposit. I have noticed that the number of houses under deposit is properly in line with the inventory as it moves either up or down. What this tells me is that we have a balanced market. I anticipate that as inventory continues to increas, the properties that under under deposit will also increase, in turn keeping our market balanced.
Enjoy the spring. Get out and play ball with a child.
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