You can see the trend that January inventory bumps up compared to December but 19.2 months of inventory is a significant number. In my own experience and talking to other agents it seems that showings have increased in the last three weeks. Here is the complete report 1-09-market-action.
Average market time is 152 days. This does not mean that if you put your home on the marker for that long that it will sell. What this means is that it took that long before a mix of the right person and right price were reached. Many sellers will tell me that they want to build in a buffer on the price because buyers will offer a lower price. Quite often they still end up at that price.
What Is A Buyer’s Market? This is…
