Inventory Eases But Not Much
The seller’s market eased up a little this month with new listings on the rise. Prices hit an all-time high in April with the average priced home in the metro area just below $400,000.
This localized home inventory report helps give context to the metro statistics that often make headlines. Real estate is a local affair and this report shows which parts of town and which types of properties are selling and which ones are sitting. Inventory is figured in months with 6 months being balanced, less than 6 months favoring sellers and more than 6 months favoring buyers. I use active listings and 6 months of sold data from the RMLS to create this report.