Guest Column: Canton’s Real Estate Inventory

As consumers enter the home buying and selling process, they are often interested in the local inventory, or how many homes are on the market. However, in the midst of various national news stories on how the real estate market has fluctuated in recent times, it can be difficult to understand the current state of each local market.

Currently, Canton has approximately 56 single homes and 33 condominiums in market inventory, which is about a four-month supply. The National Association of Realtors reports a balanced market to be a six-month supply of inventory.

This relatively low number reiterates the strong local property demand. We are bucking the national trend as we are in a “seller’s market” in Canton, which means there are more buyers than homes for sale, which gives sellers an advantage to perhaps obtain higher prices for their home.

For more information, please call 781-821-2664 or visit www.NewEnglandMoves.com.

Azeddine Fadli is the senior vice president and manager of the Coldwell Banker Residential Brokerage office in Canton.

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Posted by Canton Citizen on May 2 2013. Filed under Business. Both comments and pings are currently closed.