Wednesday Wisdom

Dated: October 31 2018

Views: 146

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.

 

Blog author image

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 ....

Latest Blog Posts

SmallBiz518 Fitness Artist

On this episode of #SmallBiz518, we’re at Fitness Artist in Clifton Park! Michael Pandolfo met with Co-Owner, Travis Gil, about what separates them from your typical fitness studio. They offer a

Read More

SmallBiz518 The Dark Horse Mercantile

On this episode of #SmallBiz518, we’re at The Dark Horse Mercantile in Saratoga Springs! Lizzie Landrum met with Co-Owner, Maddy Zanetti, about the history of the brand and the unique

Read More

SmallBiz518 Saratogas Broadway Deli

On this episode of #SmallBiz518, we’re at Saratoga’s Broadway Deli! Karen B Totino met with Owner, Daniel Chessare about the delicious and unique food they offer. Saratoga’s Broadway

Read More

SmallBiz518 The RED Bookshelf

On this episode of #SmallBiz518, we’re at The RED Bookshelf in downtown Albany! Alexander Monticello had the pleasure of meeting with Co-Founders, Rachel Eveleth and Mary Beth Fowler and the

Read More
Fair Housing Icon NY Fair Housing Notice