Facebook
X
Pinterest
Copy Link
So, for quite a while now we’ve been watching the inventory levels rise slowly and steadily, and we’ve been cheering for that since we had nothing much else to cheer for. But, now that inventory dipped a bit in October, we celebrate even more because that dip obviously came as a result of a much improved month of sales. And even better, with just the exception of Clay County, and maybe Gilmer and Union a little bit, those sales came at healthier prices also. Of course we are all hopeful that this is the early indication of a much improved market coming, although we must bear in mind that often the months of November through February don’t represent our best months in terms of unit sales. Actually I have seen routine sags in some counties as the winter months close in, while inexplicably some counties do not seem to experience that. But when both units and prices show a strong uptick in October over the previous October, and over the previous year’s averages, we’re going to interpret that as a positive sign. I’m amazed that prices in our area, and actually across the country, have not taken much of a hit during this multi-year slowing sales period, so when demand does flip to growth again, look out for the prices.
Read the Full Report Here:
