During the 2012 first quarter, real
estate inventory balances declined $ 27 million to $ 926 million, including $ 519 million of finished goods, $ 115 million of work - in - process and $ 292 million of land and infrastructure.
Not exact matches
A real
estate market with five to six months worth of
inventory is said to be «
balanced.»
Based on an estimated sales pace of roughly 4.5 million this year, the
inventory would have to drop by about a million to achieve the six - month supply that is the hallmark of a
balanced real
estate market.
According to the Real
Estate Center at Texas A&M University, a market
balanced between supply and demand has between 6.0 and 6.5 months of
inventory.
The Miami real
estate market appears to be fairly
balanced right now, in terms of
inventory.
«Months
inventory» is an indicator of the
balance between demand for homes and supply in the market and the Real
Estate Center at Texas A&M University cites 6.5 months of
inventory as a
balanced market.
There is no question that real
estate in general is on the rebound — increasing prices, lack of
inventory and shorter time in the market are shifting the
balance from a buyers» to a sellers» market.