An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices!
In Fergus Falls we definitely see a difference in inventory with low monthly inventory levels in the Starter and Move-up ranges and high housing inventory in the Premium level.
We also see this trend in the markets nationwide.
Some Highlights:
- An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices!
- Inventory continues to rise in the luxury and premium home markets which is causing prices to cool.
- Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis for 80 consecutive months.
Source…. KCM Charlie Brue blog
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