Thanks for the responses. I’ve been getting my info from SDLookup, and their inventory history only goes back 6 months. I assume as spring gets closer there will be more inventory coming onto the market. Using SDLookup, it looks like there were 28 sales in this zip code in December, so the current inventory would be 3.6 months. I realize December and January are probably not good indicator months of market direction.
SDR, when you say modest increases do you think that if she waits another year to buy there won’t be too much of a difference in prices?
I still think she’ll be better off waiting to buy as owner occupied and not as a rental. What do you think?
