In real estate a "normal" (balanced) inventory is considered six months inventory. Less than five plus months is considered a seller's market. More than six months is usually considered a buyer's market.
The "ideal" market is one where there is some balance.
The "best" market depends on your position in the market - buyers want excess inventory, sellers minimal competition.
Right now the Brevard County, Florida single family home inventory is beginning to favor sellers as indicated by slightly increasing sales prices.
Here is a look at the Brevard County, Florida single family home inventory over the past five years.
|Produced by Florida REALTORS® with data provided by Florida's multiple listing services.|