A glut of inventory????
After reviewing statistics for our area I realized something was very, very wrong. Statistics show over 9 months of inventory currently on the market, but after showing houses I just didn't believe it. These results make the marketplace look a little bit better after I take a much closer look at what is happening in our local multiple listing service.
Total Number of Active Listings in Multiple Listing Service 377
Total Number of Active Listings in Multiple Listing Service that are "To-Be Built" 126
The TRUE Number of Actual Homes That An Agent Can Show to Clients 251
One-Third of The Active Inventory in Warren County Does Not Even Exist Yet!
WOW -- that would mean we have about 6 months of inventory! Which is good news. Granted it is December and a many sellers may be waiting to put their homes on the market in the spring, but this is definitely positive news!
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Helping buyers & sellers in Warren, Clarke, Shenandoah, Page, Rappahannock, Frederick and the towns of Front Royal, Linden, Strasburg, Middletown, Luray & Winchester.
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