Continuation of a Seller’s Market in Bayside

During this time of the year, we like to calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory while more would be a buyer’s market and less a seller’s market. At this time, both single family and condo/townhome property types in Bayside continues to be well under a balanced market, staying in a seller’s market due to good buyer activity.   While condo/townhome inventory is growing, it remains a seller’s market for all property types in Bayside!

If you would like to discuss the market in more detail as a buyer or seller, please call our Bayside Specialists.

Kiki Hargrove                   Wayne Lyons
(302) 569-2959              (302) 858-7347