Months’ Supply of Homes for Sale Is Back to Normal in Coral Gables

posted on April 18th, 2012 filed under: Real Estate Market Data

There is now a perfectly normal 6.4-month supply of homes for sale in the Coral Gables single-family real estate market.

Months Supply of Homes for Sale -- Coral Gables, FL -- April 2012 (Table)

The data reflect a normal progression toward slower sales at higher price ranges.  Homes priced below $250,000 are few, but sell in a flash.

Months Supply of Homes for Sale -- Coral Gables, FL -- April 2012 (Chart, Graph)

The months’ supply figure is a fundamental measure of market conditions.  It represents the number of homes available divided by the number sold in the preceding month.  Normal is about 6 to 8 months’ supply, indicating a roughly even balance of power between sellers and buyers.  A number below 6 suggests a sellers’ market.  A number over 8 suggests a buyer’s market.

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posted by // This entry was posted on Wednesday, April 18th, 2012 at 11:58 pm and is filed under Real Estate Market Data. You can follow any responses to this entry through the RSS 2.0 feed.

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