Monday, July 15, 2019

SCCL Mid-July Update

Photo Courtesy of Dan Peters
UPDATED 7/25/19

Interactive charts have the most current stats available from CMLS.
They can be found by clicking on the "UP-TO-DATE STATS" link at top of this page and scrolling down to the interactive charts. 
These charts are current through the end of the previous month. 
Click on any graph to see stats at a given point in time.  
Each data point is 1 month of activity.  

 Home Inventory Determines What Kind of Market We Are In
Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 50 homes on the market and 10 homes selling each month, there is a 5 month supply of homes for sale. 
  • Less than 6 months of inventory = Seller's Market with upward pressure on prices
  • More than 6 months of inventory = Buyer's Market with downward pressure on prices
Months of Supply at the End of June
 Single Family Homes:       3.9 months
Carriage Homes & Villas:  1.3 months


For Current MLS Listings Click HERE.
The info you receive in your mail tube is only current through the day it was printed.  
To receive daily updates on the SCCL market, contact me.

No comments:

Post a Comment