The Stonington Real Estate Market: Who Holds the Power?
Posted by Tim Bray on
The Stonington Real Estate Market: Who Holds the Power?
The Stonington real estate market is a dynamic landscape, with control shifting between buyers and sellers depending on the price range. The key metric that determines who is in control is "months of inventory," which measures how long it would take to sell all current listings at the current sales pace. This metric varies significantly across different price points, creating a nuanced market environment.
Understanding Months of Inventory
- Below the Neutral Line (6 Months): Sellers Market
- When months of inventory fall below six, demand outpaces supply. Sellers have the advantage, often receiving multiple offers and higher sale prices.
- Above the Neutral Line (6 Months):…
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