I am putting this together to exaggerate the value of listing your home for sale now and the urgency to a buyer that is in the market to buy. These trends show signs of the markets supply and demand curves and how this drives the price of homes in an upward manner.
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Price Point * Current Inventory *Contingent/ pending *Months of inventory
Under $250,000 484 homes 1831 homes 0.78
$251,000 – $350,000 661 homes 981 homes 0.93
$351,000 – $450,000 609 homes 572 homes 1.10
$451,000 – $600,000 702 homes 288 homes 1.81
$601,000 – $800,000 630 homes 164 homes 2.37
$801,000 – $1 Million 421 homes 37 homes 4.06
All data compiled from Sandicor through November 28th, 2012. Data trusted but not guaranteed. If your home is currently listed with another broker, this is not intended for solicitation.
*Current inventory- The number homes in the county that are currently on the market including single family homes, condos and townhomes.
*Contingent/ pending- The current number of homes that are under contract to purchase either in a traditional sale or short sale.
*Months of Inventory- This percentage is very important. This number means that if no homes were listed or put up for sale from this day forward, we would run out of homes to sale in that price point in that percentage of a month. Example: Under $250,000, it would take approximately ¾ of a month to sell all of the homes at that price point. In the $801,000- $1Million range, it would take approximately 4 months to sell all the homes in that price point on the market.