Erie year-to-date sales are off from 2010’s tax-credit inspired mini-burst and ahead of this time in ’09. Average sales price is down 9% from last year but only 13% from ‘05. Days to contract is down from last year. Inventory for this time of year is down for the fourth year in a row and is down 24% from 2005. Months of inventory declined to 7 in April and average year-to-date is 8% below where it was 6 years ago meaning Erie is moving toward being a seller’s market. 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.
