Perhaps nowhere has the market improvement taken a more dramatic turn than with homes for sale in Fords Colony! In December of 2011, there was a 30 month supply of inventory (available homes for sale in Fords Colony). One year later, in 2012, that inventory level had dropped to less than 6 months!! 
So, what does that mean for Fords Colony sellers? Great news. Months supply of inventory means the number of active Fords Colony listings divided by the average number of monthly sales; in order words, if no new listings were to come on the market in Fords Colony, it would take less than 6 months for the market to absorb the existing inventory.
Generally speaking, 6 months is considered a balanced market. Less than 6 months favors sellers, and more than 6 months favors buyers. So, it has been a buyers’ market in Fords Colony since 2007 – for the past 5 years!! Markets are dynamic, however, and new listings are likely to hit the Fords Colony market at a pretty steady clip once we turn the corner into Spring. That could mean a return to a buyers market in just a few short months.
So, if you’re thinking of selling your Fords Colony home…now is definitely the time – before all of your neighbors enter the market, too! Would you like to learn what your home is worth? We are happy to have one of our Fords Colony real estate experts provide you with a complimentary evaluation of your home’s current market value, and an estimate of how long it will take to sell under current market conditions.
