Friday, August 8, 2008

Month End Stats for July

A little bit late posting these this month. I also got busier than expected and didn't pull the stats weekly like I usually do. There are a few holes in the chart as a result. Oops. But the crucial numbers are there - the number sold in the 30 days prior to the data pull data, and the all-important monthly inventory number.

It's impressive that our "months of inventory" number keeps dropping - albeit slowly - even as we're slammed by the increasing number of foreclosure homes hitting the market. There are bargains out there for buyers willing to hold properties for 5 to 7 years+, and there are ways for sellers to compete in this price-sensitive environment.

Need help figuring out what you should do now? Call or email me to talk about your situation.