Home > Blogs > Maryland > Montgomery County > Silver Spring > Yes, We are in a Sellers' Market
64 views

Piero Marinucci's Blog

By Piero Marinucci | Agent in Silver Spring, MD

Yes, We are in a Sellers' Market

One of the keys to understanding what direction the market is heading is to look at the inventory of homes available for sale. Once you know how many homes are available, you must determine how many homes sell in a given area each month (absorption rate).

If the supply of inventory is good for about 5-6 months, then you are in an average market. Here's a great graphic to show this concept coupled with a chart for national data to explain where we are as of March 2013.

Comments

By Akil Walker,  Fri Jun 21 2013, 18:43
Hi Piero,

Great information. Inventory is definitely decreasing and rates are going up.

POST
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer