As a general rule of thumb, between three and four months’ inventory is considered a market that favors neither buyers nor sellers, while four or more months is considered a buyer’s market. From the above chart, you can see that the market for Dublin Ranch condos and townhomes was at its slowest in November last year, and it seemed to hit its maximum speed in June ’08.
Home prices aren’t what they used to be, but a well-priced condo will sell -- even in this market! If you are thinking about putting your townhouse on the market, don’t miss the great tips in our Special Report How to Sell Your Home in a Buyer’s Market (and Get the Best Price Faster than Anyone Else Around!). To receive your free copy, just send us an an email that includes your mailing address.
Inventory of Dublin Ranch Condos & Townhouses Indicates a Strong Buyer's Market
Inventory of Dublin Ranch condos fell 9% in the month of October ’08 versus September ‘08, but still has a long way to go before buyers will not have a strong advantage. According to Trendgraphix, Inc. who takes their information straight from the Multiple Listing Service, inventory in Dublin dropped from 7.5 to 6.8 months.
In real estate, “Months of Inventory” is a measurement used to determine the “velocity” of the the market. The measurement is made by taking the number of homes on the market in a given month and dividing it by the number of homes that sold in that same month. This information tells us whether the market favors buyers or sellers, and how strongly it does so.
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