We sell nice, clean, in demand rental propertiesQuestion:  What is the current SFH inventory supply level (# of months) and what is the average DOM for SFHs?


Answer:  I staunchly avoid getting into DOM discussions because there are so many factors to distort them... most specifically sellers with unrealistic expectations and overpricing their homes!  Overall market DOM statistics are distorted by the high number of upper end homes and over-priced homes. Main stream homes (under $300K) that are well priced are still selling within 30 - 60 days days (some less).  


More meaningful to the supply and demand factor are the months supply of inventory by price range.  This shows you, based on the number of buyers in the market (relative to # of homes) how many months supply of homes are on the market.  Here is the statistical information on supply by price range as published by Pacific Appraisal Associates for October:


$135,000 and under:   2 months supply

$136,000 - $165,000:  4 months supply

$166,000 - $195,000:  2 months supply

$196,000 - $250,000:  3 months supply

$251,000 - $300,000:  4 months supply

$301,000 - $400,000:  13 months supply

$401,000 - $450,000:  6 months supply

$451,000 - $500,000:  17 months supply

$501,000 - $550,000:  11 months supply

$551,000 - $600,000:  10 months supply

$601,000 and up:  46 months supply 



What does all of that tell you?  It's not difficult to figure out where all the competition is and who should NOT be "testing the market" with unrealistic prices.



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