Proof It Is Time To Buy

When considering if it is a good time to invest in any given real estate market, one of the very best statistics to consider is the amount of homes for sale in that market relative to the number of homes sold per month. The analysts call this the number, "Months of Inventory". Our market, Southwest Michigan's Harbor Country, hit bottom when the Months of Inventory peaked in the early part of 2009 with approximately 27 months of inventory. Historically, in our seasonal market, around 12-18 months of inventory signals a healthy market. A seller's market occurs when less than 12 months of inventory is available. The latest figures show that the market has improved dramatically as prices have over corrected and buyers have been snatching up vacation homes at bargain prices. Inventory of homes for sale in Southwest Michigan have dropped significantly, and in Harbor Country, the new figure for Months of Inventory is equal to numbers we havent seen since 2006-07. I uploaded a chart at http://www.thedailylistings.com/southwest-michigan-real-estate-statistics-and-market-data/

Author: Paul Zubrys
Phone: 269-783-5253
Dated: August 5th 2011
Views: 2,090
About Paul: I began my real estate career in 1987. Harbor Country Real Estate, Lake Michigan Lakefront Property,...

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