Thursday, May 02, 2013

Still a Short Supply of Homes For Sale

   The supply of homes for sale in Essex County is still at extremely low levels, even though this is the time of year we typically see the inventory levels climb. Having a 5-6 month supply of homes up for sale is considered a "normal" market. Anything about that and we have a buyer's market, and below is a seller's market.
   In Essex County there is currently a 2.2 month supply of single family homes on the market, making it a strong Seller's market. The same holds true for condos (2.7 months and multifamily homes (2.1 months).

What that means for home owners is that this is the perfect time to sell. For more information, go to:

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