It's a Good Time to Consider Selling
by Dolores Farmer

Economists often characterize the housing market as a "buyer's market" or a "seller's market" by using a formula. They take the number of average sales in a month, and divide that into the number of homes currently on the market, to find the number of months of inventory available. If the supply is less than 6 months, it's a "seller's market" (favorable to sellers.) If it's more than 6 months, it's a "buyer's market."

I did the calculations for the Roanoke Valley today, and arrived at a supply of 4.3 months, which means the market is favorable to sellers. While not many people want to sell during the holiday season, it can still be a good time. E-mail me if you'd like more market statistics, or if you'd like a detailed report specifically for your neighborhood.