Wednesday, October 19, 2011

Eastham Active Listings At Five Year High

The number of 'Active' listings in Eastham varies widely over the course of the year, typically peaking in September or October. This year the peak (if you believe that we're at the peak) is about 21% above where it was last year (see chart below). Said differently, we have about a 16 month inventory of homes for sale, calculated from running-year sales (12 months, Oct 2010 to Sept 2011).  We haven't seen this many active listings since 2006.

This makes it a great time for Buyers since we have maximum choice in all price ranges. Coupled with low, low mortgage interest rates, and a desire of most sellers not to hold onto their homes through the winter, makes for a great time to buy, buy, buy.

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