Are we still in a Buyers Market or are we seeing a Sellers Market developing? As you know, it’s all about supply and demand. As of February, listing inventory countywide sits at approximately 5 months, down to 1/2 of the inventory of February 2012 and down to 1/3 of February 2011. (Click on chart below to enlarge).
The Chart below depicts the amount of inventory associated with a Sellers/Buyer Market. Based on the numbers above, it appears tide has started to turn!