In our local real estate market the housing inventory has reached a 2.1 month supply of homes. This means, that at the current rate of home sales it would only take 2.1 months to sell every home in our market if no other home comes on the market.
Typically, a ‘normal’ market is characterized by a 5-6 month supply of homes while a ‘buyer’s’ market is above a 6 month supply.
Analysis? It’s still a crazy seller’s market! Now is the time to jump in and sell a home before the autumn and winter slow down.