A question most often asked by someone thinking about buying or selling a home is, “Is it a buyer’s market or a seller’s market?” It’s a bit surprising how often real estate professionals don’t know the definitive answer to that question!
Experience shows that 6 months of available housing inventory is considered to be a balanced market. Less than that favors sellers and more than that favors buyers. In the greater Tehachapi area, you can’t just consider the entire region because the absorption rate varies significantly from one community to another.
The real answer though is. “it depends.” It depends on a number of different factors beyond the actual calculation of available inventory and probability that a particular house will sell. It depends on things like the popularity of a particular area, what’s going on politically in that community, whether or not the community is showing up in local media in a positive or negative way.
The truth is that even if the numbers show that it is the type of market that you would prefer the reality may be different. Want to know more? Call 661-375-7325 today and let’s talk about the specific neighborhood you are interested in moving from (is it a seller’s market?) or moving to (is it a buyer’s market)?