Belmont Inventory Levels (July 2007)
By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
The inventory levels in Belmont are still well within reason to sustain current pricing levels and currently do not indicate a "fire sale" mentality on the part of sellers. While inventory levels fluctuate wildly, the median price continues a somewhat steady climb. Mid-year cyclical inventory levels change as holidays, vacations and even inclement weather impact a seller's ideal time to list their home for sale. Sharp increases in inventory--those which are caused by a decrease in demand--have the most impact on what a seller might receive for their home--not seasonal levels. Notice the impact the World Trade center attacks of September 11th 2001 had on inventory levels as potential home buyers temporarily withdrew from the home buying process.Notice that it takes several months after t...
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