4,572,117
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.
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Kathleen Daniels, Prob...
San Jose, CA
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John Pusa
Glendale, CA
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
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Bob Crane
Stevens Point, WI
-
Diana Dahlberg
Pleasant Prairie, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
6,393,154
I have heard that, I kind of like the way it is balanced now with quick sales.
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John Pusa
Glendale, CA
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Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
-
Diana Dahlberg
Pleasant Prairie, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
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Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Wanda Kubat-Nerdin - W...
St. George, UT
5,104,931
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.
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Doug Dawes
Topsfield, MA
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Anthony Acosta - ALLAT...
Atlanta, GA
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Richard Weeks
Dallas, TX
-
Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
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Susie Kay
Plano, TX
-
Candice A. Donofrio
Fort Mohave, AZ
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Wanda Kubat-Nerdin - W...
St. George, UT
5,229,945
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!
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Kathleen Daniels, Prob...
San Jose, CA
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John Pusa
Glendale, CA
-
Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
509,449
Yes, that's according to NAR. I have not seen that for a long time in my market.
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Kathleen Daniels, Prob...
San Jose, CA
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Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Susie Kay
Plano, TX
1,052,211
No I thought it was 3-4 mo = balanced, 60 days or less a seller's market and 6 months+ a buyer's market.
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Doug Dawes
Topsfield, MA
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
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Susie Kay
Plano, TX
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Lyn Sims
Schaumburg, IL
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Wanda Kubat-Nerdin - W...
St. George, UT
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Nina Hollander, Broker
Charlotte, NC
5,583,278
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...
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Michael Jacobs
Pasadena, CA
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Doug Dawes
Topsfield, MA
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Bob Crane
Stevens Point, WI
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Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
508,318
We have just under 3 months inventory in the Phoenix market.
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Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
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Wanda Kubat-Nerdin - W...
St. George, UT
5,049,033
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.
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Michael Jacobs
Pasadena, CA
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Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
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Susie Kay
Plano, TX
7,836,129
It is been a long time since we had that much inventory in our area.
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Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
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Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Susie Kay
Plano, TX
1,844,271
Yes Wanda I do. I can't remember when that last occurred here.
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Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
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Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,153,794
Four to six months of inventory is what I've always considered as balanced.
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Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
3,164,269
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.
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Doug Dawes
Topsfield, MA
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Lyn Sims
Schaumburg, IL
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Wanda Kubat-Nerdin - W...
St. George, UT
961,383
I was aware of balance definition. Seems like a long time though to be selling.
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Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
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Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
5,772,575
Wanda,
I am in agreement with both Candice A. Donofrio and Nina Hollander in this instance. A
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Doug Dawes
Topsfield, MA
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
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Wanda Kubat-Nerdin - W...
St. George, UT
679,404
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!
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John Pusa
Glendale, CA
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
2,220,323
Yes, that's correct.
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Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
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Anthony Acosta - ALLAT...
Atlanta, GA
4,160,362
Wanda Kubat-Nerdin - Wanda Can! generally 5 to 6 months of inventory is a balanced market. However, there are other factors involve too.
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Michael Jacobs
Pasadena, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
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Diana Dahlberg
Pleasant Prairie, WI
1,196,798
Yes, I knew that number. Yet, our current inventory is around 2-3 months in the area I'm in
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John Pusa
Glendale, CA
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Michael Jacobs
Pasadena, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Doug Dawes
Topsfield, MA
3,416,038
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
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Michael Jacobs
Pasadena, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Doug Dawes
Topsfield, MA
5,216,398
Yes, that is the number that has been thrown around for years. Many listing agents like it closer to four months.
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Michael Jacobs
Pasadena, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Doug Dawes
Topsfield, MA
4,882,355
I think the area you work would be a factor.
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Wanda Kubat-Nerdin - W...
St. George, UT
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Michael Jacobs
Pasadena, CA
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Doug Dawes
Topsfield, MA
1,712,676
For the last 50 years, yes.
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Wanda Kubat-Nerdin - W...
St. George, UT
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Michael Jacobs
Pasadena, CA
2,781,163
Yes and this was a fact/point used during the foreclosure years
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Wanda Kubat-Nerdin - W...
St. George, UT
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Michael Jacobs
Pasadena, CA
1,725,996
Coinsidering who that tidbit of information came from, I will not lose sleep over it.
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Wanda Kubat-Nerdin - W...
St. George, UT
1,502,998
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.
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Wanda Kubat-Nerdin - W...
St. George, UT
1,598,452
1,311,397
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.
1,622,432
3,345,091