When a market slows down, inventory builds up.
Generally, if there is more than 6 months of inventory it is a buyers market, 3-6 months inventory a balanced or equilibrium market, and under 3 months inventory a seller's market.
Here is the thing, real estate is incredibly local.
Call George Lorimer to discuss buying, selling or investing in a home or condo 619-846-1244.
Click here to see how your community stacks up.
Generally, if there is more than 6 months of inventory it is a buyers market, 3-6 months inventory a balanced or equilibrium market, and under 3 months inventory a seller's market.
Here is the thing, real estate is incredibly local.
Call George Lorimer to discuss buying, selling or investing in a home or condo 619-846-1244.
Click here to see how your community stacks up.
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