Months of Inventory
Tuesday, January 27, 2009
I keep bringing up what a super opportunity the mountain is offering in choice of inventory and interest rates and believe it or not, the entire market has a 52 month supply of homes for sale as of the end of December. If no other homes came on the market as of Januray 1st it would take 52 months to sell every home listed for sale! That is over a four year supply of homes.
I have never seen such a supply of homes to choose from in Welches, Rhododendron or Government Camp! This is the perfect tsunami to purchase a primary, secondary or investment property that I have ever seen in 25 years.