Admin
Wanda Kubat-Nerdin - Wanda Can!, The best agent in Southern Utah! (Red Rock Real Estate (435) 632-9374)

Spam prevention
Submit
Rainmaker
4,739,209
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I have certainly heard this said but I wonder if it is true when particular/specific buyers/sellers are in the market to actually buy/sell.  Specifics matter.  Details/circumstances matter too.  When everything is in alignment so to speak but it's not coming together - how do we handle it with that buyer or seller.  It happens.  And sometimes it doesn't.  For many reasons or just one. 

Apr 22, 2019 05:52 PM
Ambassador
6,689,449
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I have heard that, I kind of like the way it is balanced now with quick sales.

Apr 22, 2019 01:38 PM
Rainmaker
5,313,817
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

The number I always worked with is four to six months. By the time you are at six months, you're straddling a buyers's market. We are no where near a balanced market with much of the region hovering around 2 months.

Apr 22, 2019 01:14 PM
Ambassador
5,488,359
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Yes, I've been doing market absorption trends for years - less than 6 is a sellers market, higher than 6 is a buyers market. Right now, we're in a seriously strong sellers market here in Charlotte. We need inventory - desperately!

Apr 22, 2019 05:00 PM
Rainer
509,499
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Yes, that's according to NAR.  I have not seen that for a long time in my market.

Apr 22, 2019 03:11 PM
Rainmaker
1,101,219
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

No I thought it was 3-4 mo = balanced, 60 days or less a seller's market and 6 months+ a buyer's market.

Apr 22, 2019 01:16 PM
Rainmaker
5,584,639
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

yes.... that's a level market.... my town continues to be in a sellers' market.... every listing we secure sells the day it's listed...

Apr 22, 2019 03:04 PM
Rainmaker
536,992
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

We have just under 3 months inventory in the Phoenix market.

Apr 22, 2019 02:43 PM
Ambassador
5,167,966
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Yes I do. We are balanced in a couple areas now, and buyers market in the high end communities (La Jolla, Del Mar, Rancho Santa Fe) but most of the areas I service are still in the 2 - 3 months range.

Apr 22, 2019 02:07 PM
Rainmaker
8,153,130
Roy Kelley
Retired - Gaithersburg, MD

It is been a long time since we had that much inventory in our area.

Apr 22, 2019 02:02 PM
Rainmaker
1,870,553
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Yes Wanda I do. I can't remember when that last occurred here.

Apr 22, 2019 01:44 PM
Rainmaker
1,153,799
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Four to six months of inventory is what I've always  considered as balanced.

Apr 22, 2019 01:40 PM
Ambassador
3,213,529
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Yes I did know that.  And that's the current market situation here.  We've had a LOT of listings hit the market in the past couple of weeks... Spring.  Always shifts in spring with lots of new listings.

Apr 22, 2019 01:35 PM
Rainmaker
980,413
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

I was aware of balance definition.  Seems like a long time though to be selling.

Apr 22, 2019 04:10 PM
Rainmaker
5,774,100
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Wanda,

I am in agreement with both Candice A. Donofrio and Nina Hollander in this instance.  A

Apr 22, 2019 03:39 PM
Rainmaker
684,752
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Here in Wisconsin we are still in a solid Sellers market. Cant remember when we had a 6 month inventory ... a few years for sure.

We desperately need INVENTORY!

Apr 23, 2019 12:13 AM
Rainmaker
2,230,207
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Yes, that's correct.

Apr 22, 2019 09:09 PM
Rainmaker
4,360,689
John Pusa
Glendale, CA

Wanda Kubat-Nerdin - Wanda Can! generally 5 to 6 months of inventory is a balanced market. However, there are other factors involve too.

Apr 22, 2019 08:11 PM
Rainmaker
1,259,558
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Yes, I knew that number. Yet, our current inventory is around 2-3 months in the area I'm in

Apr 23, 2019 05:37 AM
Rainmaker
3,416,372
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I prefer to see 60-90 days. Over 90 will slow down sellers. I am seeing now any seller who wants to over price their home hitting the 90-120 mark

Apr 23, 2019 05:24 AM
Rainmaker
5,484,994
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Yes, that is the number that has been thrown around for years. Many listing agents like it closer to four months.

Apr 23, 2019 04:38 AM
Rainmaker
5,116,842
Richard Weeks
Dallas, TX
REALTOR®, Broker

I think the area you work would be a factor.

Apr 23, 2019 02:45 AM
Rainmaker
1,713,581
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

For the last 50 years, yes.

Apr 23, 2019 07:30 AM
Rainmaker
2,849,062
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes and this was a fact/point used during the foreclosure years

Apr 23, 2019 07:13 AM
Rainmaker
1,751,937
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Coinsidering who that tidbit of information came from, I will not lose sleep over it.

Apr 24, 2019 05:11 AM
Rainmaker
1,538,744
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

That's been the number for the last 20-30 years out here in So Cal.  I even had a calculation based on it in my market blogs.  I further broke it out to "weak, moderate and strong" levels based on how far away from 6 it was.

Apr 23, 2019 09:14 AM
Rainmaker
1,598,552
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Buyers.

Jun 07, 2019 05:10 AM
Rainmaker
1,444,598
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Yes. Six months is considered to be a balanced market. They say. It has been a LONG time since we have had an inventory level that high.

Apr 25, 2019 07:29 PM
Rainmaker
1,650,442
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

Yes.

Apr 24, 2019 10:58 PM
Ambassador
3,430,532
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Well, if the NAR says it so then it must be TRUTH. 

Apr 24, 2019 08:12 AM
Back to Top
Ask a Question

Our real estate Q&A site is a place where real estate professionals can ask their peers questions so we can all learn and grow as a community.

Members of our community can ask, answer, like, and subscribe to questions. Visitors to our site can read the questions and answers that were marked as “public” by the author.

Recent Questions
View All Questions arrow_forward