This month, I’m going to start something new in my monthly analysis of Waimea real estate sales. In addition to my ongoing monthly recap of real estate sales in Waimea, I’m going to take a look at where the current inventory of available homes for sale is in relationship to the number of sales last year.
The real estate industry has a standard mark of a 6 month inventory being the dividing line between a buyer’s market and a seller’s market. A seller’s market is considered any market where the inventory for sale is less than a 6 months supply. A buyer’s market is more than a six month supply of inventory.
And, I’m going to break down the inventory of homes between the two sides of Waimea to see how much of a difference, if any, there is between the two parts of town.
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