4,581,785
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
6,415,769
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
5,111,821
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
5,253,085
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
1,056,097
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
5,583,328
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
510,364
We have just under 3 months inventory in the Phoenix market.
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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
-
Candice A. Donofrio
Fort Mohave, AZ
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Wanda Kubat-Nerdin - W...
St. George, UT
5,059,992
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
7,862,265
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
-
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
1,846,851
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
-
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
-
Wanda Kubat-Nerdin - W...
St. George, UT
3,167,489
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
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Lyn Sims
Schaumburg, IL
-
Wanda Kubat-Nerdin - W...
St. George, UT
962,383
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
-
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
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
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
2,221,377
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
4,174,944
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
1,201,277
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
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
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
-
Doug Dawes
Topsfield, MA
5,237,930
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
4,900,085
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
1,712,776
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
2,784,416
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
1,728,056
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
1,505,863
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
1,322,519
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.
1,624,653
3,349,229