Coldwell Banker Premier Realty

Inventory Update

Inventory levels hit new lows
Posted: July 02, 2012 by John McClelland

The supply situation continues to go unresolved. New listings are nearly matched by closings and inventory continues to decline. As a result, buyers and their agents are working extremely hard to match properties. For sellers, this could be a good time to list their home, since competition in many neighborhoods is sparce. Further, we are observing firming prices in many areas, but we do not know how long this will be sustained since we need to move past the peak selling season in order to observe if prices are being maintained.

                                  Source: Mlxchange, Coldwell Banker Premier Realty.

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