We are firm believers in studying market statistics. We subscribe to some of the most advanced statistical analysis packages available in order to help us communicate market conditions to our clients and to let it help guide decision making. Many firms focus their pricing models exclusively on comparable sales (a more in depth discussion can be found here) and ignore many critical inputs to pricing. We do not.
This tool is helpful for both buyers AND sellers in determining the best strategy in any transaction.
A market is said to be balanced if there is 5-7 months of inventory. Anything less is considered to be a ‘Seller’s Market.’ Anything more is considered to be a ‘Buyer’s Market.’