As Inventory Rises, More Towns Make the ‘Cold’ List
Back in the day (say, two years ago or more), a list of the hottest communities was published each month in the Otteau Valuation Group’s report to subscribing real estate professionals. Sometimes, more than two dozen towns would be on that list, each with just four months’ worth of inventory or less to burn; six months’ inventory is considered the threshold for health.
In late 2009, after inventory swelled precipitously in New Jersey, the “hot” lists stopped coming.
Today, Read more [...]