Housing Market Outlook for 2015

The outlook for the housing market for 2015 is balanced. Lets take a look at what the various levels are and their meaning.

Inventory levels define the state of the housing market. It is either a Buyers’ Market, a Balanced Market or a Sellers’ Market. To determine what market we are in, ask yourself, “how many months of housing inventory do we have?”

The Three Types of Real Estate Markets

Buyer’s Market: When there is more than seven months of inventory.

Balanced Market: When there is between five to seven months of inventory.

Seller’s Market: When there is less than five months of inventory

Read the rest of the story here…

 

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