Dexter Real Estate Inventory Remains Fairly Low
Dexter Real Estate finishes the second quarter of 2014 in a balanced market with a 6.5 months supply of homes listed. Inventory has risen 23% since the end of the first quarter and sales have remained about the same. Sales also remain virtually the same as this time last year. In 2013 at the end of June there were 207 homes listed for sale, so even though inventory rose during the second quarter, it is still down 14% over last year. Historically, sales tend to rise towards the end of the year for Dexter, as more homes are listed in the summer months with closings following during the fall.
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