|Spring 2013 Housing Recovery|
Numbers don’t lie, although the interpretation can sometimes be manipulated. I am not going to interpret – you can just look at the raw data and make your own conclusion.
The numbers below are taken from the Greenwich MLS, and are available on the Raveis website by clicking on Local Housing Data….
One of the compelling curves is inventory – it is so low and the other is months of supply…look at the drop since June/July 2012 until end of February!
If it continues, we will have feeding frenzies every time something new comes on the market. It has to be marketable of course, not homes that are a stone’s throw to an overpass or in an absolutely undesirable situation….