Montgomery Real Estate Months Of Inventory
Months of Inventory is a measuring tool to determine the current demand for Montgomery real estate. The general rule of thumb is when inventory levels are between 5 & 7 months, the real estate market is stable. Prices remain steady or may rise slightly. When inventory levels exceed 7 months, the demand for real estate is low and prices are likely to fall. This is referred to as a Buyers Market.
When inventory levels fall below 5 months, sellers have more control over price and terms, often resulting in rising pricesor a Sellers Market.
Months of Inventory for Midtown Montgomery Real Estate
The chart below reflects the Months of Inventory for Midtown Montgomery Real Estate comparing 2008 to 2009. As you can see Midtown Montgomery real estate continues to be a Buyers Market with inventories above the 7 month level.
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