Continuation of a Seller’s Market in Ocean View

This is the time of year when we like to calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale. 

Generally, a balanced market would have 7 months of inventory while more would be a buyer’s market and less a seller’s market. While inventory is growing Ocean View continues to be well under a balanced market, staying in a seller’s Market due to good buyer activity.

If you would like to discuss the market in more detail as a buyer or a seller, please give us a call.

(302) 541-5207