Months of Inventory

In housing, months of inventory refers to how long it will take for the current homes on the market to sell relative to how many have recently sold. So if 6 homes in a certain area have sold in the last 6 months, it is expected that 1 house per month sells, therefore, 5 homes currently on the market means 5 months of inventory.

Check out 2014 compared to 2104. Sellers are having no problem selling right now due to the high demand and low supply. Demand should continue as homeowners that have been out of the market due to prior bankruptcies and/or foreclosures head back into the market now that their credit conditions have improved. Plus there are more college graduates living at home than ever before, these 1st time homebuyers will be heading out there too creating even much more demand. Let’s keep an eye on the market together!
 
2014
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2013
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Go here for more information regarding your local market.

About Jeff Hansen, Realtor in Colorado

Search for homes here; www.jeffhansen.remax.com for FREE. Licensed Real Estate broker with RE/MAX Professionals at 10135 W. San Juan Way, Littleton, Colorado 80127. I have been a Realtor Since 1992 and provide Free Real Estate Advice Realtor in Littleton, Colorado and the Metro Denver Area, A Real Estate investment company focusing on the buyers and sellers of homes, also including fix and flips and rental properties, Listings and all sales of realty. (303)794-4530 Disclaimer I will not receive any compensation or take on any liability because of any conversation on this or any related web page w/o any written brokerage agreement. And there will be no relationship actual or implied because of any conversation on this or similar pages. No written agreement, therefore. AND Differ from state to state, so check your state's rules.
This entry was posted in Colorado, Home Buying, Home selling, Housing, real estate, realtor, realty, refinancing, Uncategorized. Bookmark the permalink.

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