Month of Inventory Coming Down AND Prices Coming Down?

Posted Jun 1, 2008 @ 4:51 pm, Viewed by 462 Visitors, Read 462 Times.

Ok I just ran stats on my market and found this pretty intereting.

First here is the months of inventory.



Whats interesting is not just that the months of inventory is improving. But for the last two years at this time Months of Inventory was actually increasing and this year its decreasing.

Ok so now lets look at prices



Basically whats happening here is that prices had one of largest year over year drops in Austin for the last few years. Wierd? So basically the fundamentals of the market are improving while prices are going down. It looks like sellers might be affected by the negative hype about the national real estate market.

Is anyone seeing similar trends in their area?

Ki is a realtor in Austin Texas. His website provides information about Austin Real Estate. He posts news and updates on the real estate market on his Austin Real Estate Blog and provides a free search for Austin MLS

  • Rate this Post!
  • Print

This Post Has No Comments.

REW Blogs User Stats
Currently Online Users: 0
Total Users: 2,389
Entries: 7,605
Unique Views: 6,453,120
Total Views: 6,791,091
Total Comments: 9,372
Total REW Points: 510
escapeso

escapeso Ki works to help clients in the Austin Texas Real Estate market. If you are looking to purchase a home in Austin Texas Ki can help. Read More

This User's Stats
Blog Entries: 49
Average Blog Rating: 0
Unique Views: 18,834
Total Views: 19,161
Comments Posted: 2
Comments Received: 4
REW Points: 0
Relevant Reading
REW Bloggers
REW Community
New Bloggers
Blog Features
Syndication