With 791 home sales during 2011, and 671 homes on the market, one might assume that there are PLENTY of homes for buyers to choose from, right?  That is over 10 months of supply, you know, which means that approximately 1 out of 11 homes will go under contract each month (11 not 10, to account for new listings).  But looking a little closer, perhaps there won't be 671 great options to choose from....



Now admittedly, there are plenty of homes that have been on the market for more than three months that will be interesting to buyers (and will sell), because:

• perhaps the right buyer didn't enter the buying market until a house was on the market for six months
• perhaps a seller adjusts the price of their house to make it a possibility for a wider set of buyers

Needless to say, though, a good portion of the current listing inventory is comprised of houses that have been sitting on the market for some time now.  So if you're considering selling this spring, don't get too overwhelmed with the 10+ months of supply of homes on the market.  If your home shows well, is priced well and is marketed well, you can do well in selling. 
   

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