Good morning. I am getting ready to head to 1st Independence Bank in New Albany for a live broadcast of Big Talk on Small Business on AM1080, a local radio show aimed at small business owners.
I will often get asked how the market is doing so I brush up on a few statistics from our MLS system at the board. I thought I would share a few with you:
February 2007
Sales: 917 Avg List$: 163,021 Avg Sale $: 157,084 Days on Mkt: 91 Months of inventory: 6.99
February 2008
Sales: 715 Avg List$: 173,605 Avg Sale $: 165,908 Days on Mkt: 86 Months of inventory: 11.15
If you have read other blog posts, you may remember that under 6 months of inventory is a seller's market and over 6 months is a buyer's market.
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