New Homes Garner NC
Garner Inventory Down Nearly 20% From 2008
Easier to Buy A Garner Home in 2009
Why? Because there are fewer homes to look at! That means fewer top choices to pick between, which can make the buying process a little easier.
Here's the April 2009 Inventory Levels, by price point.
As you can see, inventory is down significantly in every Garner NC price point but the 0-149.9 (which is level), and the Condo/Townhouse category, which has increased from 26 to 41 listings.
This gets even more dramatic when looking at a percentage basis:
In April 2009, we see dramatic inventory decreases starting at the $150K price point and continuing across all other price points in Garner NC. The selections are actually getting thinnest above $300K.
Total Garner NC inventory is down by 17% in April 2009 vs April 2008.
Surprising, since first time homebuyers have been increasing in the market - would have thought the lowest price buckets would see the highest inventory declines.
But this could also be a reflection of fewer homes being built in other price points. It's now more likely that a homebuyer will select their new home and then break ground, rather than choosing from a variety of "already completed" new homes.
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Penny, I guess inventory levels being down is a good thing. Great that homes are selling in your area...
Yes, inventory is shrinking at this point. However, I am predicting more homes on the market in the Fall.
Raleigh and surrounding cities have been named top destinations over and over, guess that helps!