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The inventory of single family homes in Dublin increased for the second month in a row and sales kept pace. For the fourth month in a row, pending sales were the same as or higher than inventory, demonstrating the very strong demand for housing in Dublin. Again, there is less than one month’s inventory available.
Inventory increased seven units, to 36, from 29 in January. Pending sales, meanwhile, increased eight, from 29 at the end of January to 37 at the end of February. These are very strong sales figures, especially given the low inventory level. It appears that the Dublin market could absorb considerably higher inventory levels.
All Dublin Single Family Homes
Inventory Vs Pending Sales Jan 2010
It’s certainly good that we have an increase in inventory for two straight months but the level is still very low and it looks like we are going to need more to meet the demand. Normally, we would expect to see inventory increase as we enter the Spring. We could certainly use it given the strength of the demand in the Dublin market right now.
Dublin Market Update for February 2010 - Still Hot, Hot, Hot!