Tuesday, November 27, 2012

Market Snapshot: Current Inventory

Here's a quick look at current inventory levels for available properties in Thornwood:

Single Family Homes: 25 active units in the MRED MLS...13 of these are under contract.  Monthly rate of sales is 3.7 units closing per month. Month's supply  of  inventory is 6.8 months!

Townhomes: 10 active units available in the MLS...7 of these are under contract. Monthly rate of sales is 2.3 units per month and therefore the month's supply of inventory is 4.3 months.

Anything above 6 months supply is a buyers market and under 6 months is a seller's market.  These numbers for Thornwood are more favorable than overall Kane County which has a current months supply of inventory of  7 months.

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