Tuesday, March 31, 2015

Our Demand Exceeds Our Supply!

Do you want to know one of the best measures of just exactly how that looks to folks who wonder how the market is? Get the facts from an expert. I did an analysis of our available inventory here in the greater Auburn area. There are three types of real estate markets: sellers' market, buyers'market, and neutral market. The market is defined by the months of inventory available based on pended sales. The inventory for the month of February 2014 had 2.7 months of sales. Inventory for February 2015 was 1.3 months. In other words, if you or someone you know wishes to sell, it appears that now is a great time. If you're a buyer, I'm not telling you anything you haven't found out. You know it's a sellers' market! Lower inventory lends itself to rising prices. Let's hope we don't see the insanity of the past. In our Great Auburn Area (up and down I80 from Loomis to Dutch Flat), we're facing sellers who want to sell AND buy and need to find out how to go about that complicated process. This is our market now...people see it's time for the change they have envisioned. Let me help...it's what I do!