Currently as I write this, we have about a 5.5 month inventory in our current market. 5 months or less constitutes a seller’s market, 6 months or more constitutes a buyer’s market. We’re in between both.
I know from my own buyer’s, as well as the feedback from many other agents, as well as looking at the market (agent access to MLS data, along with the large amount of showings I do), that our market is in serious need of good listings.
There are still quite a few listings on the market which have not yet sold, but this is usually a pricing, presentation and marketing issue.
The fact is, our local inventory is down, significantly, over the past year, and there are plenty of buyers locked and loaded at our great rates, waiting for the right home.
My advice to those with a good home: put it on the market this spring. If it is priced moderately well, is dialed-in (needs very little work) and it is marketed right, I firmly believe it will sell quite successfully.
