This week in real estate has been pretty exciting, and very active in the markets. Not active a la 2006, but active in a very positive way. Here’s a video commentary on a few things, and below is the weekly Total Market Overview and the updated Annual Summary.
As you can see in the price-range summary, the activity has been in the higher price ranges, largely due to the outstanding interest rates and reduced prices.
In the annual summary, you can see that it would appear that we are heading for a 180 swing of the market, given the low number of available listings, however, the ‘rule of thumb’ is that anything more than a 7-month supply of properties is a Buyer’s market. Overall, Milton has about an 8-month supply, as judged by the Pending Ration column in the annual summary. However, if you look at the Pending Ratio in the weekly update, you will see that some price ranges have a very limited supply; that is the cause for my ongoing commentary that the time to act is NOW
