With Us
Our Offices
Bridgehampton Office 631.537.3200
East Hampton Office 631.324.8080
East Hampton Annex 631.324.8080
Greenport Office 631.477.5990
Mattituck Office 631.298.0600
Montauk Office 631.668.0500
Southampton Office 631.283.5800
Westhampton Office 631.288.3030
Get In Touch

Main Content

3rd Straight Month Of Increases In Home Sales Say It All

By Judi Desiderio, Tuesday, January 24, 2012
Share This:

The National Association of Realtors released their report on existing home sales, and for the 3rd straight month increases were posted month over month. Existing-home sales increased 5% in December from November. This is a seasonally adjusted annual rate of 4.61 million units.

An important statistic for any potential home buyer is that of inventory levels…they are the lowest since 2006 at 2.38 million or the statistical equivalent of a 6.2 month supply should the pace of sales remain at December’s level. As we all know, the price of anything is dictated by the ration of supply & demand.

Bottom line, if you want to get in at the bottom, all indicators point to NOW!