Real Estate Inventory Month's Supply Explained

 

Attention all South Bay Homeowners! Watch this video to find out what's going on with inventory in Torrance and what that means for you and the value of your property. Real estate inventory has hit a historical low. The way inventory is measured is through what's called "month's supply". An even playing field would mean there is 6 months worth of supply. Anything more than that is considered a buyer's market, and anything less than that is considered a seller's market, which is where we're at now. Today, we are at less than 1 month's worth of supply. Torrance is measuring at 0.4 month's supply, which is down 60% from this time last year! Although the pandemic has brought about an increase in home value, the lack of inventory is also driving up the demand and prices even more.

 

If you're considering selling your home, this may be the perfect time for you to get top dollar for your home with a really solid buyer! Please feel free to reach out to me to discuss your options, get your home assessment started, and set you up for success! Click the link in bio for a free Seller's Guide.