by With google searches for “is the real estate bubble about to burst?” topping the search charts, all the ocnversation around real estate has been, how long can this last?! Below are both my short video (for those of you with no patience 😉 and my long video that goes into more depth and detail of the Central Ohio housing market through July 2021.
The way that I chose to demonstrate where we really are from a “facts” perspective is through the “months of inventory” stat. This is how the industry as a whole measures the “supply vs demand” in the current market. The basic equation is this:
Current Active Homes and Condos on the Market / Total Closed Units last month = Months of Inventory
To put this graph into perspective, the industry standard is that anything under 4 months is a Sellers Market, between 4 and 6 months is a Balanced Market and more than 6 months is a Buyers market.
As I always say, real estate is local, so if you are interested in what is happening in your city or even your neighborhood specifically, I’m happy to do a personal analysis for you! Just shoot me a quick text or email!
Troy
614-325-8394 or troy@marshhomegroup.com
marshhomegroup.blog 
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