Chris Tesch
Bryan and College Station real estate, luxury homes, advice to Bryan home sellers and College Station Home Sellers. Advice to Bryan home buyers and College Station home buyers.
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Statistics coming from the Bryan College Station Multiple Listing Service indicate that inventory is down and has been creating somewhat of a shortage of homes with first time buyers especially scrambling hard to find the right home.
Let's take a look at the chart below with the data year to date:
Looking at home inventory in the Bryan College Station area since January we see that we started the year out strong historically. In January 371 new listings came on the market, compared to '08's 379 and 07's 270.
What's particularly interesting is the spike we see in May in 2007 and 2008 actually shows a dip for this year before settling back down in June.
As inventory goes down, demand, especially amongst homes 120-140K has gone up. This is creating a situation where one segment of the market appreciates while others, namely the 300K and up market, are declining slightly.
It will be interesting to see what the rest of the year holds and how the first part of 2010 does as well.
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