Statistical Indicators

Inventory

Posted on Wednesday, November 25, 2009

Great Article by Monica Hatcher of the Miami Herald;

When home supply exceed one year prices fall. With 6 to 9 month inventory price tend to be stable. Less than that and prices appreciated.

As of now in Miami Dade there is s ;

4 month supply of homes under $100K
8 months uplly of homes under $300K
21 month supply of homes in the $300K to $1 million range
4 year suply of homes over $1 million

Guess which price rnages are going up and which are giong down in value!


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