Let’s take a look at Majestic Oaks, a wonderful community with steady home sales, consistently averaging 2.3 home sold per month for the last year.
There are 16 homes on the market here, giving us 7.1 months of inventory, indicating a pretty balanced market.
There has, however, recently been a spike in the average sales price of homes.
This, coupled with an increase in the average price per square foot, is a good sign for the market here.
