Things Are Heating Up!

There’s been a lot of talk about the lack of inventory on the market lately. I’ve used a few graphical charts to express the data this past week. Here is a heat map expressing the levels of inventory in our area. 0-3 months – Seller’s advantage. 3-6 months – Balanced market. 6+ months – Buyer’s advantage.

On the left March 2011. Inventory levels benefited the buyers at that time. Jump to March 2012. The Sellers are in control at the moment. While sellers may be happy, the market really need more sellable inventory.