April 2013 – As the market heats up during what appears to be a strong recovery after several years of doldrums, the relationship between inventory, price and sales volume is making itself known. Shrinking inventory drives up prices while driving… Continue reading
March, 2013 –For the last two years, the Luxury Market Snapshot was published, examining the performance of this locally important market sector for 2010 and 2011. This month we’ll take a look at the luxury market for 2012 and look… Continue reading
Home is where the heart is. A man’s home is his castle. There’s no place like home.
These familiar sayings remind us of the emotional connection Americans have with homes and homeownership. However, home also is where our nation’s economic… Continue reading
October, 2012 – From the first quarter of 2011 through the first quarter of this year, local prices have been essentially flat and formed an apparent bottom. Sales volume during this period has been trending strongly upward. We’ll look at… Continue reading
In December 2011, we took a look at monthly inventory of single family residences (SFR) over the previous 3 years and discussed the effect of declining local inventory on demand and pricing. Here is the data from that article:
|Month/Year… Continue reading|