INVENTORY DROPS TO NEW LOW

Inventory on the market had reached a new low for recent month’s activity at 6.2.  That means that it would take 6.2 months for all the listings in Lane County to be sold.  This continues to be an indicator that the market is reaching a more normal, or equal, status.  That is,  it is gradually starting to move away from a heavily buyer’s market and more toward a normal market where both buyers and sellers have an equal opportunity to negotiate a sale.  We’re certainly not there yet and it may take months before we reach that kind of a market, but I believe the indicators show we are seeing some change in that direction.  Therefore, it remains a opportune time for buyers to buy.

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