• Brett Kennedy

End of Quarter Update - Q3 2019

I ran the numbers for 6 zip codes for yesterday's Meetup at Molly Malone's. It showed what we all pretty much know already, it's still a seller's market.

It uncovered one surprise though. The median sale price in the original highlands area, zip code 40204, has actually fallen by 2.4% since last year. It's still a sellers market because there is only a 1.9 month supply of inventory but there's some resistance effecting the area.

Here's your link - Market Update 3rd Quarter 2019

How to Tell When it is a Buyer's Market or Seller's Market

Here's the generally accepted criteria for market conditions.

It's a Seller's market when there is less than 3 months of inventory. For instance if 20 properties usually in a neighborhood (or zip code, etc.) each month and there are 40 properties for sale then there is only a 2 month supply. You'll also here people call it 'inventory'.

The market is usually considered to be in balance with a 3 to 4 month supply.

When the supply of properties exceeds 4 months it is a Buyer's market.


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