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March 12, 2008

On the Tipping Point?

For years now the market has strongly favored sellers in eight of the ten price ranges (and areas) I calculate market conditions for on Monday-Friday of each week. It seems now to be on the brink of change since today's update shows four price ranges ready to tip over into a "slightly strong" market of 8+ months of inventory:

http://www.westurealestate.com/marketWatchAllAreasSummary.htm#average

It may be that this increasing inventory will be absorbed as it has been in years past. The coming weeks will tell the tale.

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Swamplot: Houston's Real Estate Landscape