cheaprealty net

Here is an update to a chart I posted in March that tracked inventory based on some searches on the MLS in the local market area. The time period covered by the data is now almost a year. If you compare the left and right sides of the graph, you can see how the local market is doing compared to the same time a year ago.

These numbers are not the same as the statistics provided by VREB, which are listed month by month, they are a snapshot of inventory available at any particular time - the data does not show sales, but rather property that is listed, which has not sold yet, or which may never sell. The snapshot can also be used as a measure of how many months of inventory are sitting unsold at one time or another. The more months of inventory available, the better the choices for buyers, and the more discerning they can be about any decisions to purchase. There is less rushing in the market. There is less concern about being outbid, or losing a rare opportunity.