No surprise here . . . Supply Is High!
Scott P. Rogers
I've changed things up a bit this month --- I'm starting to break down sales into four price ranges (as seen below) instead of three price ranges. Several people mentioned that the $200k-$350k was rather large and encompassed too many types of housing.
As can be seen here --- the only price range that could be described as having a close-to-normal balance between supply and demand is of properties valued under $200,000. All others are significantly oversupplied, with January 2008 sales that aren't too encouraging!
As can be seen here --- the only price range that could be described as having a close-to-normal balance between supply and demand is of properties valued under $200,000. All others are significantly oversupplied, with January 2008 sales that aren't too encouraging!
