Deflation?

[jtrotta]

Over the many years I've noted it seems to start out West and move East, but at this point, our market is still on the move, some (and only few) houses have I seen on the market for over 90 days; there is no build up yet of supply; interest rates are still low; re-fi's seem to have slowed; but I'm still getting several orders a day. Market data requires more work than in the past, and time frames for that data has been extended beyond the typical 90 day period.

We have now been on a growth period for a few years, so the natural course will take place and a slowing will happen, it's just a matter of time.


8)

 

[Steve Owen]

Jtrotta and George, in our area, typical marketing time has been more than 90 days for quite some time; I've been using the longer marketing time for over two years and using a longer exposure time for at least a year. The average times from sales in various popular neighborhoods from MLS data are 105, 120, 115, and 121 days, looking at all SFR sales within the last year. As I have mentioned before, MLS data should be considered to be low averages because of listings and re-listings. Typical marketing time here is still believed to be 3 to 6 months, typical exposure time is believed to be 120 to 180 days, but could easily go over 6 months if there was a major downturn.