Posts from March 27th, 2019

Hello everyone, Eileen Voyles here! I'll be bringing you monthly news from the Sun Country real estate market. This news affects all of us with a roof over our head – whether the roof is owned, rented, mortgaged, large, small, or just plain leaky!

Many of us have felt a crazy case of supply shortage as we've searched for homes this past year. We've been hampered by multiple offers on the same home, bidding wars, or homes sold before we could even see them! Let me explain why:

In the 12 municipalities of Sun Country, our Months of Remaining Inventory, or MRI (the time it would take to sell all of the existing homes currently on the market if sales continue at the current rate), is barely over 1 month, meaning if nothing else were listed, all the homes for sale would be sold in one month. The national MRI is four mont...

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