To add to Roger's post, find a local realtor or two, have them calculate the local "Market Absorption Rate" (a ratio of number of active listings/number of houses sold in last 30 days).

That number will categorize if the market is a sellers, buyers or normalized market.

It's not an exact science, but is effective.

Lareina,

It's going to depend on the properties that concern you. If your question is for a particular area, and price, style of home. It's going to depend on the micro market. Now, if it's a general question, then we can help with market reports and data.

Hi Lareina,

Your real estate professional will be able to do searches in the areas you are interested in to compare list vs sale prices, days on market, and available inventory to determine the inventory vs the absorption rate.

Roger