Plains sales year-to-date is up for the second year in a row. Average price is up 7% from last year and 10% from ’05. Average days to contract is steady just over 100. Inventory shot up 2 years ago and has just inched down for the second year. Months of inventory has dropped in half from where it was in ’09 yet still is at over 13. 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.
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