HARBORFIELDS REALTY BLOG

Listing at Three Year Low

There are currently 90 homes for sale in Harborfields.That is a three year low and suggests a 7 month inventory. Seven month inventory or lower suggests a "normal" market. Although some economists are still suggesting  some price decline, supply and demand is always our best indicator of the market. 

It will take 2-3 months of sales to verify a trend. For home owners planning to sell this low inventory means less competition. If you are planning to sell this year now is the time Any significant rate increase could change the market.