If you have read the blog before then you have seen me post about what makes a buyers' market and what makes a sellers' market.  

The Number of Homes For Sale

It all has to do with the number of homes for sale.  Very simply when there are too few homes for sale it is a sellers' market.  Too many homes for sale makes for buyers' market. 

Here in Southeast Texas we are definitely, 100% in an inventory shortage situation.  

This infographic shows the national months inventory of homes for sale over the past several years.  

How Low Are They? Inventory levels by Area

1. Orange County 4.3 months supply of homes for sale
2. Hardin County 2.9 months supply of homes for sale
3. Beaumont 3.1 months supply of homes for sale
4. Jefferson County 2.9 months supply of homes for sale

Data is from home sales in September and inventory currently on the market in the Beaumont MLS.  This is an overall statistic for all price ranges.  The data can be broken down even further into price points.  

Final Thoughts

Selling a home in Southeast Texas still requires proven marketing techniques for a seller to earn top dollar.  Buying a home in Southeast Texas still requires research and knowledge about the market to make a successful offer.  Sometimes the information can be overwhelming.

Don’t let the plethora of seemingly conflicting information on the housing market stop you from moving forward with your life. Let’s get together to ensure you get the valuable counsel you need so you can make the right decision for you and your family.

Sincerely,

Diane

Diane McNelis, Coldwell Banker Southern Homes