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Understanding Months of Inventory: The Key to a Balanced Real Estate Market
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In this episode, Rachel Sheller with Octavian Group breaks down the concept of Months of Inventory and why it’s essential for both buyers and sellers to understand. We'll explain how this metric reflects the health of the real estate market and how it can help you make informed decisions, whether you're looking to buy or sell a home.
Months of Inventory represents how long it would take to sell the existing supply of homes if no new properties were listed. A lower inventory number indicates a seller’s market, while higher inventory suggests a buyer’s market. Learn how this important statistic influences home prices, negotiation strategies, and market trends!
Listen as Rachel shares insights on how both buyers and sellers can use this information to their advantage, especially as we see inventory shifting in today’s market. Whether you're looking to time your purchase or sale, understanding this metric is a game-changer.
Learn More: Visit https://www.octavianrealtygroup.com/ for more tips and personalized real estate advice.
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