Wednesday, March 26, 2008
Inventory of Homes for Sale
The national numbers for February 2008 indicate that there is a 9.8 month supply of new homes, and 9.6 month supply of resale homes. In other words, based on the current sales trend for both new and resale homes, it would take more than nine months for the market to absorb all the homes currently available for sale.
In general, a three month supply represents a neutral market - neither a buyer's nor a seller's market. The current market strongly favors buyers.
In general, a three month supply represents a neutral market - neither a buyer's nor a seller's market. The current market strongly favors buyers.
# posted by Bob @ 9:48 AM 
