This is good and bad – rates are low and the buyers who are out there would prefer more choices, but at the same time if we flood them with too many choices then Madison Park homes begin to lose some of their value.
To get a better idea of where Madison Park stands compared to previous years, let’s look back at the months of inventory over a five year period:
Even at 7.3 months of inventory as of December 2010, it is still easy to see that we have a ways to go in order to achieve additional stabilization as two to four months was the average inventory range that Madison Park enjoyed prior to 2005.
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