Explanation of Market Inventory Statistics

What type of market is it?

Is everyone talking about a buyer’s or seller’s market? The data reflected on a market inventory report determines what type of market we are in. Here is an explanation of the numbers and what they mean.

  • 1 – 3 Months of Inventory Accumulation

    This is a Seller’s Market. Not enough homes are available to meet the demands of the buyers. Bidding wars with multiple offer situations can occur. During this type of market sellers generally will not accept home sale contingencies or delayed closing dates.

  • 4 – 5 Months of Inventory Accumulation

    This is considered a Balanced Market. There are sufficient numbers of buyers to purchase the supply of inventory that flows into the market and there are enough available homes from which to choose. In a balanced market, bidding wars are rare and price negotiations are likely.

  • 6+ Months of Inventory Accumulation

    This is a Buyer’s Market. Homes that are priced well and in high demand areas will most likely move quickly and homes that are overpriced or in low demand areas will take longer to sell. In this market condition, sellers are more likely to accept home sale contingencies.

  • Important

    Whether you are in a Buyer’s Market or Seller’s Market may depend on the price range. Even in an overall Buyer’s Market, certain high-priced homes may move slowly. Ask your real estate agent for the Inventory Accumulation Rate that applies to your area or price range.

Read about our current local market statistics .

Recent Sales

HAPPY BUYERS!
Great house, great price.
$1,325,000
2 Paul Road
Wayne, PA 19087
MLS# 6868853

 

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Hear From Our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Hear from our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Sage Buyer Tips

Use Sage Buyer Tips to research the Main Line and stay up to date on real estate news. This online destination is chock full of resources for buyers and sellers: you can see our Main Line communities or explore Sage favorite places. Browse properties here and search other Main Line real estate. With Sage’s advice and experience, first-time buyers and those looking to upgrade can find homes best suited to their needs.