Not enough houses at the market?
Some real estate agents in several states complain that the number of houses for sale is not enough to satisfy some needs. Can it be so?
At present the market has homes for eight months, i.e. the market will need eight months to sell them out. In the normal market this figure is expected at six months. In some places, supplies have fallen even lower, for example, in Denver up to 5.7 months and in San Francisco – up to 3.2 months.
In California many cities are experiencing a short supply of single-family homes. For example, Lancaster houses for sale are of great demand. The time for being in the market for average priced houses ($ 250,000 – 450,000) fell to 4.2 months in March. What concerns expensive and luxurious house for sale in California, this time decreased from 21 months to 10 months.
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