Market Balance By Price Range

Many housing market analysts consider a six month supply of homes for sale to be an indication of a market that is balanced between buyers and sellers.  As such, and based on the information presented above, it would seem safe to say that....

• It is a seller's market under $200K, with only 4 months of supply available.
   
• The $200K - $300K market is balanced between buyers and sellers.
   
• Buyers still have a slight edge in the $300K - $400K market.
   
• The $400K+ market is a buyer's market --- with one big caveat -- we almost always see lots of supply in this price range, and some sellers don't really "have to" sell, so it may be the case that a nine month supply (for example) is a balanced market in this price range.

For even more analysis of our local housing market, check out....