Shane Dodge

If you're thinking about selling your home, you've probably heard the term "months of supply" thrown around. But what does it actually mean? ⁣
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Months of supply measures how long it would take to sell all available homes at the current sales pace. It's one of the clearest indicators of whether we're in a buyer's or seller's market. ⁣
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Here's the breakdown: ⁣
- Less than 5 months = Seller's market (low inventory, more competition among buyers) ⁣
- 5-6 months = Balanced market ⁣
- More than 6 months = Buyer's market (more inventory, buyers have negotiating power) ⁣
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Right now, inventory levels are rising in many markets across the country. According to recent NAR data, we're seeing a shift from the extreme seller's market of the past few years. This means pricing strategy, home preparation, and timing matter more than ever. ⁣
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If you've been waiting for the "perfect time" to list, understanding these metrics can help you make a more informed decision about your specific situation and local market conditions. ⁣
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Call/text/email us at (317) 339-0979 or [email protected] if you have questions.