August Market Action Report

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Buyers are getting some great bargains with a combination of low prices and record-low interest rates. According to the latest RMLS Market Action Report, prices on average have dropped 9.2% from August, 2010 to August, 2011. At the same time closed sales are up over 30%! Consequently, we’ve seen our marketable inventory drop by 46 percent during the same period – from an 11 month supply to a 6.2 month supply. The inventory supply has been bouncing between the 6-7 months range for six months in a row now.  For additonal details see http://www.rmlsweb.com/v2/public2/loadfile.asp?id=6249

September 15, 2011 by : No Comments

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