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June 2015

Found 1 blog entry for June 2015.

Here we are at the beginning of June, a month that last year proved to be the most active in our real estate market.  May has seen a slight increase in sales from the previous month but as you would expect, they are still a down from this time last year. 

Number of Sales 2

There is a lot of talk of our market being flooded with homes.  The number of listings is hovering around the 560 mark which isn’t much higher than we usually see.  Looking back to May 2013 we were sitting with an inventory of 600 homes while this time last year we were at 533.  The major difference this year is the absorption rate (if nothing else were listed, how long would it take for all the homes to sell).  The answer right now is 6.9 months which still leans towards a buyers market (3-6

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