It looks like we are slowly gaining a little inventory. Once again we sold fewer than we brought to market. As you can see from the chart below we sold 46 homes while making 63 available for sale. This should help in two major ways.
1. Buyers will now have a greater choice of features and locals to choose from.
2. Buyers who do not have large downs (making them able to offer over appraisal value) will have more opportunity.
Does this mean we are going back to a buyer’s market. Not yet for sure, and I don’t see that in the foreseeable future. We still have a number of bank-owned homes that need to be sold.
I do think it might help regulate the rate of price increases. We are all for getting prices back to where they should be; a sound value that is supportable by the community.
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