Wanda Kubat-Nerdin - Wanda Can!, So Utah Residential, Referral & Relocation REALTOR (Prado Real Estate South)

Spam prevention
Rainmaker
3,247,802
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I have certainly heard this said but I wonder if it is true when particular/specific buyers/sellers are in the market to actually buy/sell.  Specifics matter.  Details/circumstances matter too.  When everything is in alignment so to speak but it's not coming together - how do we handle it with that buyer or seller.  It happens.  And sometimes it doesn't.  For many reasons or just one. 

Apr 22, 2019 05:52 PM
Ambassador
4,066,830
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I have heard that, I kind of like the way it is balanced now with quick sales.

Apr 22, 2019 01:38 PM
Rainmaker
2,982,593
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

The number I always worked with is four to six months. By the time you are at six months, you're straddling a buyers's market. We are no where near a balanced market with much of the region hovering around 2 months.

Apr 22, 2019 01:14 PM
Ambassador
3,194,479
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Yes, I've been doing market absorption trends for years - less than 6 is a sellers market, higher than 6 is a buyers market. Right now, we're in a seriously strong sellers market here in Charlotte. We need inventory - desperately!

Apr 22, 2019 05:00 PM
Rainmaker
353,078
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

Yes, that's according to NAR.  I have not seen that for a long time in my market.

Apr 22, 2019 03:11 PM
Rainmaker
682,514
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

No I thought it was 3-4 mo = balanced, 60 days or less a seller's market and 6 months+ a buyer's market.

Apr 22, 2019 01:16 PM
Rainmaker
4,877,762
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

yes.... that's a level market.... my town continues to be in a sellers' market.... every listing we secure sells the day it's listed...

Apr 22, 2019 03:04 PM
Rainmaker
201,256
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

We have just under 3 months inventory in the Phoenix market.

Apr 22, 2019 02:43 PM
Ambassador
3,919,379
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Yes I do. We are balanced in a couple areas now, and buyers market in the high end communities (La Jolla, Del Mar, Rancho Santa Fe) but most of the areas I service are still in the 2 - 3 months range.

Apr 22, 2019 02:07 PM
Rainmaker
5,272,020
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is been a long time since we had that much inventory in our area.

Apr 22, 2019 02:02 PM
Rainmaker
1,508,764
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes Wanda I do. I can't remember when that last occurred here.

Apr 22, 2019 01:44 PM
Rainmaker
984,748
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Four to six months of inventory is what I've always  considered as balanced.

Apr 22, 2019 01:40 PM
Ambassador
2,851,142
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Yes I did know that.  And that's the current market situation here.  We've had a LOT of listings hit the market in the past couple of weeks... Spring.  Always shifts in spring with lots of new listings.

Apr 22, 2019 01:35 PM
Rainmaker
791,491
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

I was aware of balance definition.  Seems like a long time though to be selling.

Apr 22, 2019 04:10 PM
Rainmaker
4,323,191
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Wanda,

I am in agreement with both Candice A. Donofrio and Nina Hollander in this instance.  A

Apr 22, 2019 03:39 PM
Rainmaker
444,206
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Here in Wisconsin we are still in a solid Sellers market. Cant remember when we had a 6 month inventory ... a few years for sure.

We desperately need INVENTORY!

Apr 23, 2019 12:13 AM
Rainmaker
1,026,677
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Yes, that's correct.

Apr 22, 2019 09:09 PM
Rainmaker
2,710,342
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Wanda Kubat-Nerdin - Wanda Can! generally 5 to 6 months of inventory is a balanced market. However, there are other factors involve too.

Apr 22, 2019 08:11 PM
Rainmaker
735,372
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Yes, I knew that number. Yet, our current inventory is around 2-3 months in the area I'm in

Apr 23, 2019 05:37 AM
Rainmaker
2,945,212
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I prefer to see 60-90 days. Over 90 will slow down sellers. I am seeing now any seller who wants to over price their home hitting the 90-120 mark

Apr 23, 2019 05:24 AM
Rainmaker
3,173,507
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes, that is the number that has been thrown around for years. Many listing agents like it closer to four months.

Apr 23, 2019 04:38 AM
Rainmaker
2,904,839
Richard Weeks
Dallas, TX
REALTOR®, Broker

I think the area you work would be a factor.

Apr 23, 2019 02:45 AM
Ambassador
1,615,029
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

For the last 50 years, yes.

Apr 23, 2019 07:30 AM
Rainmaker
2,426,599
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes and this was a fact/point used during the foreclosure years

Apr 23, 2019 07:13 AM
Rainmaker
1,523,697
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Coinsidering who that tidbit of information came from, I will not lose sleep over it.

Apr 24, 2019 05:11 AM
Rainmaker
1,213,009
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

That's been the number for the last 20-30 years out here in So Cal.  I even had a calculation based on it in my market blogs.  I further broke it out to "weak, moderate and strong" levels based on how far away from 6 it was.

Apr 23, 2019 09:14 AM
Rainmaker
1,038,407
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Buyers.

Jun 07, 2019 05:10 AM
Rainmaker
653,983
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Yes. Six months is considered to be a balanced market. They say. It has been a LONG time since we have had an inventory level that high.

Apr 25, 2019 07:29 PM
Rainmaker
1,478,656
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Yes.

Apr 24, 2019 10:58 PM
Rainmaker
2,765,939
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Well, if the NAR says it so then it must be TRUTH. 

Apr 24, 2019 08:12 AM