|
Contact Information |
Jeff McIlhenny Beacon Brokers Realty
Cell: 843-452-2953
|
|
Local News |
-
A more powerful mayor in Mt. P.?
MOUNT PLEASANT -- The town should have a full-time mayor with power like mayors in Charleston and North Charleston, Mayor Billy Swails said. The mayor will ask Town Council to approve a referendum on the issue. "I don't want anybody to think it is a power grab for me. It is working myself...
-
Spoleto plans go smoothly
With her opening remarks on the organizational state of affairs, producer Nunally Kersh typified the lighthearted mood of the Spoleto Festival USA board's annual February meeting on Saturday. "Things are going eerily smoothly," said Kersh, representing the program committee. "It is all co...
-
Krewe for a cause
They had the masks, the beads, the booze, the king and queen -- now all they need is a parade. The Krewe of Charleston brought a little taste of Mardi Gras to the Holy City Saturday night with its Royal Bal Masque at the Gaillard Municipal Auditorium.
|
|
|
|
Supply and Demand-Inventory |
| Print |
|
The Business Cycle and Buying A Home
Supply and Demand - Inventory
During sellers' markets, homes sell quickly and sellers have a lot of pricing power. As a result, prices rise more rapidly than at other times. During buyers' markets, homes may sit on the market for a while before selling, so sellers become more flexible and may even drop their prices.
The market is determined by supply and demand.
In real estate, the relationship between supply and demand is calculated as "available inventory." At the current sales pace, how long would it take to sell the total number of houses available on the market? That is how the real estate industry measures inventory.
Inventory is measured in weeks and months. Longer inventory times are associated with buyers' markets. Shorter inventory periods are associated with sellers' markets. Some buyers and sellers hope to time their purchase to take advantage of market cycles.
|
|
