Sunday, March 1, 2009

Bucks County Real Estate Inventory - February 2009

Bucks County has seen some positive movement on the Months Supply of Inventory (the number of months it would take to sell all the homes on the market at the current sales rate). Our December numbers were 16.2 months, which was the highest MSI (Months Supply of Inventory) we had seen in over two years. Our January 2009 number dropped to 13 MSI, and February ended at 11.2 MSI. Although it's an increase of 42% from Febrauary 2008, and 110% from February 2007, I'm pleased to see a consistent trending downward of the MSI since our high in December.

***Hint - click on the picture to enlarge***

1 comment:

Anonymous said...

Hi all,

Here's an interesting one for you.

An analysis of the current economic crisis we are all unfortunately facing but looked at from a slightly different perspective.

This analysis looks at past banking crises and how they have effected various aspects of the economy.

It is titled The Banking Crisis - Where are we now? (follow the link should you be interested) and has particularly interesting points about how the previous banking crises has effected assets including property prices.

Hope you enjoy.