Calendar year 2010 real estate activity was not over-the-top nor under-the-bridge. As the charts indicate, we followed the month-by-month pattern of previous years. Our inventory of active listings really began to build in July; later than historical month of March. After a spike in April, contracts returned to the “normal” seasonal bell curve.

Months of inventory has already declined to 5.5 in January 2011. A balanced market exists between 5 and 7 months of inventory; our market is always in that range. Average days-on-market remains below the regional and national levels. We still see multiple offers and/or contracts on the first day on market for listings with location and condition amenities.

There are price ranges that lack sufficient inventory to match buyer demand. If you are considering listing your home for sale this year, now would be an excellent time to achieve the goals of maximum sales price and minimum time on market.
Data Source: HAR MLS