When the crash of 2008 occurred, inventory levels spiked to well over a year, if not more in some markets. Inventory now is at historical lows. Inventory is a measurement of how many months worth homes would be available, if no new homes came to market, based on the rate that they are being sold. Most experts consider it to be a balanced market when there is roughly 6 to 8 months of inventory. Most markets have three months or less right now — making it a strong seller’s market.
Press Enter / Return to begin your search.