|Month||# of Properties for Sale||# of Poperties||Months Supply||UC Avg|
|Year||Last day of Month||Under Contract||of Inventory||# of DOM|
Here is a graph showing you the number of properties for sale at the end of each month, the number of home under contract, number of months supply of homes on the market and the Under Contract number of Days on the Market. As you can see the average months supply of inventory is down 44% from February 2012 to February 2013. The Absorption rate is down to 2.9 months on hand. If no new homes came on the market for sale, then the supply of homes on hand would only last 2.0 months.
Home buyers that were sitting on the sidelines should make a decision to purchase their next home now. Market inventory is shrinking and therefore the prices will be rising. Call Wendy Morris your Windermere Realtor from Wendy Morris Realty direct at 407-575-5392 to help you market your home and get it sold.
Sellers, if you were thinking of selling your home but were waiting for the market to get active, well the time is here. We need more homes on the market for sale. Call Wendy Morris your Windermere Realtor from Wendy Morris Realty direct at 407-575-5392 to help you market your home and get it sold.
Months Supply of Inventory or Absorption Rate
|Feb-2012 vs Feb-2013|