Balanced market

Sarasota-Bradenton sales off 15%

Here is an interesting term in this Herald-Tribune article to describe the current real estate environment, "balanced market." I have not heard this term used recently, but I kind of like it. Probably more consumer friendly than my "hurricane hangover" verbiage.

"It is just a more balanced market than we have known for the past two years. We were undervalued compared to similar market areas around the country. When you catch up, you've caught up."

"A balanced market is six to seven months of inventory," she said. "That means it is not a buyer's market, and not a seller's market. It is an even playing field, which is healthy."

Housing market slows [Herald-Tribune]