Wednesday Wisdom

Dated: 10/31/2018

Views: 115

This graph shows the supply of inventory from the last 4 years in September.

Basically this means that if no other houses were listed from this Day forward - it would take 5.4 months to exhaust the supply of inventory that is currently out there.

Team Monticello always likes to pay attention to this monthly statistic because it shows an interesting trend. Four years ago - there was a lot of inventory out there which made it more of a buyer's market. ToDay, there is a decrease, which means it is a seller's market. Ideally, we like to see a balanced market - which is what it was in 2017 when there was 6 months supply of inventory.

 

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Alexander Monticello Esq.

Alexander is a New York State licensed real estate broker and New York State licensed attorney. A life long upstate New Yorker, Alexander has lived and worked in the Capital Region since 2005. He has ....

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