We have officially put both feet into a slow market, which is defined as 7 to 9 months of inventory.
Here are the stats you need to know:
| Market Metric |
OBX Statistics |
| Total # of Properties for Sale |
917 |
| Total # of Selling per Month |
109 |
| Months of remaining Inventory |
8.4 |
| # of New Listings each Month |
213 |
If you are thinking about selling, remember back to the 2008 cycle. This is the point where sellers thought prices would bounce back, so they wait. Buyers felt prices may soften so they waited. Who wins the waiting game in a declining market?
If you want to net the most, selling earlier in the cycle rather than later is how you will net more. Contact me for a full analysis for your home.
