Thursday, June 12, 2008

Inventory Update

Our Multiple Listing Service Market Snapshot for inventory of Single Family Homes in Plymouth today versus one year ago today shows some interesting statistics. The total quantity of homes for sale is down (590 last year, 541 this year) but the number of average days on the market is up from a year ago (165 last year, 194 this year). It's interesting to look at the breakdown by price range. For instance, many of the homes in the lower price points are bank owned foreclosures. Inventory is down significantly for homes priced in the $300's and $400's. Feel free to email me to request a copy of the detailed report for Plymouth or any other area town. Our office has been busy all year long and more so lately. Local and National reports indicate a slight pick up in activity. Now is a great time to buy.