Quote:
Originally Posted by Vegas69
Inventory levels have nearly doubled since the median price hit it's low point in 2012. Resale inventory has stayed steady for roughly 2 years. New home builders are building everywhere. Their median price is $100,000 higher than the resale market. I've seen standing inventory from multiple builders lately and have negotiated aggressively with them for my buyers.
Days on market has stayed pretty consistent.
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Where are you located?
The market here is crazy, rental rates for residential are stupid high, and it seems resale inventory is real low and moves fast. It seems like a bad time to buy.
Everyone here is building, both residential and commercial.