Friday, December 02, 2011

New Bern Home Inventory down

The inventory of homes for sale in the New Bern area MLS is down substantially. Currently there are 1291 homes for sale. Throughout most of the year that number has been over 1500 homes. Percentage wise this is a decrease of 13%.

Although inventory typically decreases in December, this is more than we normally see. My take is folks are staying put with hopes of selling when the market improves. Whatever the reason, I hope that with less inventory, home prices will start to level off. If this happens we will all be better of in the long run.