Listing Prices Are on the Rise

Total inventory of for-sake homes on the market have decreased 23% compared to this same time last year. From December ’11 to January ’12 alone, the inventory dropped by 6%. What does this mean? Basic supply and demand models reveal that as housing inventories decline, the listing prices go up! Nationally, the average listing price has risen 3% annually.

“Over the past year, an increasing number of markets have registered year-over-year increases in median list prices while fewer markets have experienced year-over-year list price declines,” a statement by Realtor.com notes. 

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Housing Inventory Down 22% Nationwide

Have Prices Really Hit Bottom?

 

 

 

Hart Real Estate Solutions

www.hart.realtor

406.585.0000

Hart Real Estate Solutions Bozeman Montana


  

 

Comment balloon 0 commentsHart Real Estate Solutions • February 21 2012 12:58PM
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