Quote:
Originally Posted by chemgear
Inventory is "low" because it's February versus say the summer. It's still higher than last year.
|
It also depends on the individual property quite a bit. Some properties that come on the market priced right are selling within days with multiple offers. (This has happened to me twice this week trying to purchase an investment property)
Other properties that are priced higher or have something wrong with them are sitting for months and getting re-listed. So the inventory number is skewed, as a lot of it is unsellable at its current price, but some properties never even make the numbers they sell so fast.