Monday, December 14, 2020

REBGV Sales Update Through November 2020

 REBGV released their stats package through November 2020. Here are the numbers:




Below are price vs months-of-inventory graphs, alternate depictions of 6 month change in prices versus months of inventory. The red dots on the scatterplot are the last 12 months' datapoints

There was a slight blip due to lockdown measures but the sales volumes made up for the shortfall in the second half of the year. For those in the position to buy an sell real estate, there doesn't appear to be much in the way of distress. The key for price strength and weakness is inventory. Inventory is low. This generally means prices will not be weak.