Clayton Condo Market

I was meeting recently with a client to provide an updated market analysis.  My client, a financial wizard, loves to see the numbers.  In pulling together my analysis, I used a trend tool to look back at inventory over the last 12 years for Clayton condos.  The resulting graph is startling and the correlation between inventory build-up and events in the rest of the world speaks for itself (although I've added my notes in red).  Sure enough, when the going gets tough, there is a nearly immediate and direct imact on the real estate market.

So where does that leave us today?  From the graph, it certainly appears that inventory is trending the right direction.  As the backlog clears out, the market will further stabilize.  Meanwhile, there continues to be demand for quality condos that are priced to the market.