Home sales trail 2010 by 21% but are ahead of ’09 so far. Average sales price is up 4% over last year and 12% over ‘05’s average. It’s taking on average longer (100 days) to sell homes. Inventory (listings) are down for this time of year for the second year in a row while its 11 months of inventory is up over last year. This is more than double where it was 6 years ago. 5 to 6 months of inventory mark the dividing line between a buyer’s and a seller’s market. More than 5/6 months is a buyer’s market, less is a seller’s.
For details and a search or study tailored to your needs and future call Dagmar Alford at 720-35-8285.
